President Trump places new tariff threat on 60 trade partners - Yahoo Finance
The U.S. Trade Representative has proposed 10-12.5% tariffs on 60 countries, including major partners like China, India, and the EU, citing their failure to enforce laws against forced labor. The move aims to eliminate what the administration describes as an uneven global playing field for American workers.
Why it matters
This aggressive trade policy could trigger significant global economic friction and supply chain disruptions across the apparel, footwear, and textile industries.
The US Trade Department accuses 60 countries of failing to tackle forced labour and says it will impose 10-12.5% tariffs on major trade partners including China, Vietnam, Bangladesh and India.
The framing focuses on the administration's justification of 'unfair competition' and 'American workers,' reflecting the protectionist rhetoric of the current administration.
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