US announces new tariffs on 60 trading partners
(Photo by Mandel NGAN / AFP) The United States said Thursday that it would impose new tariffs on 60 trading partners over forced labor concerns, replacing an expiring global duty rolled out by President Donald Trump earlier this year.
The Trump administration’s move to impose a baseline tariff while sustaining the threat of further duties ahead maintains leverage over its trading partners, trade lawyer Greta Peisch told AFP.
The Trump administration has been hunting for options that would allow it to aggressively deploy tariffs, said former US trade official Ryan Majerus.
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