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Trump set to impose sweeping tariffs on 60 trade partners
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Bahamaspress.com
USA| President Donald Trump’s administration is set to impose sweeping tariffs on 60 trading partners, including the European Union, according to a notice from U.S. Trade Representative Jamieson Greer’s office released on Thursday.
Greer said Thursday that the 10% to 12.5% tariffs were aimed at combatting “forced labor” violations.
The tariff will begin on the same day that a 10% global tariff announced immediately after the high court’s ruling is set to expire.
The Trump administration says these countries have made commitments to adopt, and effectively enforce, forced labor import prohibitions.
All other trading partners, from 41 countries, have failed to adopt a forced labor import prohibition and will have a 12.5% tariff rate.