Associated Press (AP)Yesterday
US tariff hikes linked to claims of foreign labor dismay and anger trading partners
The U.S. administration announced new tariffs of 10% to 12.5% on goods from 60 economies, citing their failure to adequately enforce a ban on goods made with forced labor. These tariffs took effect Friday, following the expiration of previous stopgap levies. Trading partners, including Australia, New Zealand, Japan, and the European Union, have strongly objected, calling the claims unfounded and the tariffs unjustified. Australia's trade minister stated that Australia takes modern slavery seriously and believes the tariffs are unwarranted. New Zealand's Prime Minister expressed disappointment, calling the tariffs harmful to trade. Investigations serving as the basis for the tariffs reportedly lacked meaningful evidence of forced labor. Experts suggest these tariffs, while contributing to higher prices, may be less disruptive than previous ones due to product exclusions.
MeasuredFactual3 sources
The Guardian - World NewsYesterday
‘Forced labour’ rationale for Trump tariffs met with bewilderment
Donald Trump has imposed new tariffs, ranging from 10% to 12.5%, on over 80 countries, including the UK, Mexico, Canada, Australia, India, China, and the EU. These measures replace previous global tariffs struck down by the US Supreme Court. The Trump administration cites dozens of countries' failure to enforce bans on goods produced by forced labor as the rationale for these new levies, imposed under Section 301 of the US Trade Act of 1974. However, allies like the EU, Australia, Brazil, and Norway have expressed bewilderment and disagreement with this justification, questioning its validity and stating they have honored existing trade agreements. The announcement has negatively impacted Asian stock markets.
Mixed toneFactual6 sources
Al Jazeera4d ago
US eyes new tariffs as existing trade duties near expiration
US Trade Representative Jamieson Greer indicated that new tariffs may be imposed on approximately 60 trading partners as existing temporary duties, enacted under Section 122 of the US Trade Act of 1974, are set to expire on Friday. These temporary tariffs, which can last up to 150 days without congressional approval, were implemented after the Supreme Court ruled against President Trump's use of the International Emergency Economic Powers Act for global tariffs. The White House is reportedly preparing new levies targeting countries for various reasons, including allegations of failing to address forced labor. Greer stated that action is expected soon, though a specific timeline was not provided. These potential new tariffs could affect a significant portion of US trade, potentially increasing tensions with countries like China, Japan, and the European Union. This follows recent tariff announcements on Brazilian and Canadian goods.
MeasuredFactual1 source