US hits dozens of countries with new wave of tariffs
The US has imposed new tariffs on 60 trading partners in the latest escalation in the trade war reignited by President Donald Trump when he
The US has imposed new tariffs on 60 trading partners in the latest escalation in the trade war reignited by President Donald Trump when he returned to office last year. Those targeted, including the UK, China and the European Union, will face a tariff of 10% to 12.5% on all goods, accounting for almost all American imports.
The tariffs, which replace an identical levy which expires on Friday, are based on claims key economic partners have failed to properly tackle forced labour.
But US trade expert Caroline Freund said the move is "not about forced labour" but that Trump is simply "looking for a legal reason to
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