Trump administration to impose fresh wave of tariffs on more than 80 countries

The Trump administration announced a new wave of tariffs on more than 80 countries, replacing a 10% global duty set to expire. US Trade Representative Jamieson Greer stated the tariffs will range from 10% to 12.5% and will be imposed under Section 301 of the Trade Act of 1974, targeting countries accused of forced labor. The move escalates the administration's aggressive trade policy, affecting major US trading partners. The announcement came late Thursday, with the new duties taking effect immediately. This follows previous tariff actions and marks a significant broadening of trade restrictions. The administration argues the tariffs are necessary to protect American workers and address unfair trade practices.

Global Impact

Economically, the tariffs will increase costs for US importers and consumers, potentially fueling inflation and slowing growth. Politically, the move strains relations with over 80 trading partners, risking retaliatory tariffs and a broader trade war.