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

The Trump administration has announced a fresh wave of tariffs on more than 80 countries, imposing duties of 10% or 12.5% on top trading partners. The move, announced by US Trade Representative Jamieson Greer late Thursday, replaces a 10% global duty that was set to expire early Friday morning. The tariffs are imposed under Section 301 of the Trade Act of 1974, which targets countries engaged in forced labor. The affected countries include the European Union, China, Peru, and many others. The new duties take effect immediately, marking the latest escalation in the administration's aggressive trade policy. The announcement has been covered by multiple outlets, with some reporting the number of affected countries as 60, while the official statement says more than 80.

Global Impact

Economically, the tariffs will likely disrupt global trade flows, increase costs for businesses and consumers, and potentially trigger retaliatory tariffs from affected countries. Politically, the move could strain diplomatic relations with key allies and trading partners, and may face legal challenges under WTO rules.