WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.

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[–] [S] 16 points 3 months ago (1 child)

According to the Guardian:

"Canada, Mexico, Australia, EU, UK and China among dozens of economies listed in US president’s renewed ⁠effort of near-global import taxes after supreme court struck down his ‘liberation day’ tariffs"

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  • [–] 5 points 3 months ago

    These countries may now trade even more with each other, leaving the US out. This can pretty well backfire on US economy and I hope, not for the saint US people, but for this guy and his followers, that this will be the case.

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