Trump Proposes New Levies of at Least 10% to Rebuild Tariff Wall
Bloomberg.com • • general
Key Points:
- The US is proposing new tariffs of at least 10% on imports from 60 trading partners following an investigation into goods allegedly produced using forced labor.
- President Donald Trump aims to rebuild a broad tariff wall that was previously struck down by the US Supreme Court.
- A 10% tariff rate would apply to imports from countries including Canada, Mexico, the EU, Taiwan, and the UK.
- Imports from other major economies such as China, India, Japan, South Korea, Brazil, and Switzerland would face a higher tariff of 12.5%.