EU, China among trading partners hit by new Trump tariffs
The Trump administration has implemented new tariffs ranging from 10% to 12.5% on goods from 60 trading partners, including the EU and China, citing concerns over forced labor. These measures utilize Section 301 of the Trade Act to bypass previous legal challenges to the administration's trade policy.
Why it matters
These tariffs represent a significant escalation in global trade protectionism and demonstrate the administration's persistent effort to enforce its trade agenda despite judicial setbacks.
The Trump administration has imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, over allegations of lax enforcement of forced labour bans, just as a temporary 10% global tariff expired.
The move is the White House's latest effort to restore President Donald Trump's campaign vision of a near-global tariff after the US Supreme Court in February struck down his "reciprocal" duties of 10% to 50% imposed last year under a national emergencies law to try to shrink the US trade deficit.
The new tariffs, announced late last night in a Federal Register notice, cover 99.4% of US imports, but include numerous product exemptions, such as oil and gas, fertiliser and certain food items.
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