Trump imposes sweeping round of fresh tariffs on more than 80 countries
The US has imposed new tariffs ranging from 10% to 12.5% on over 80 countries, including major allies, citing concerns over forced labor. The move has drawn criticism from international partners who view the tariffs as a shock to established trade agreements.
Why it matters
These trade barriers could disrupt global supply chains and strain diplomatic relations between the US and its primary trading partners.
Donald Trump has imposed a fresh round of sweeping tariffs on more than 80 countries to replace a 10 per cent global duty that was due to expire, setting off a wave of criticism and protests from US allies and major trading partners.
In its latest attempt to instate aggressive trade policies despite challenges from the America’s highest court, the US has imposed a tariff of between 10 per cent and 12.5 per cent on dozens of countries, including the 27 countries that make up the European Union, the United Kingdom, China, India, Mexico, Canada and Australia.
It effectively replaces the blanket 10 per cent tariff that the US president imposed in February, right after the US supreme court declared that many of his earlier tariffs were illegal.
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