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Trump plans new tariffs on multiple nations
The Financial Times reported that U.S. President Donald Trump plans to impose new tariffs on approximately 60 countries starting this week, following the expiration of the temporary 10% tariffs on Friday. Reports suggest that the initial phase of the new tariffs will be similar to the current 10%, but the administration is considering the possibility of higher rates, ranging between 10% and 12.5%, due to concerns related to forced labor issues. The targeted countries include the European Union, China, Taiwan, Vietnam, and Japan. This move is part of the administration’s efforts to revise its trade agenda after the previous tariff proposal was halted due to legal challenges, and it may potentially lead to new trade tensions.
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