Donald Trump reinstates global tariffs on 60 trading partners

The Trump administration announced a new round of tariffs covering 60 countries, affecting 99.4% of U.S. imports. Rates range from 10% to 12.5% and are justified on grounds of forced‑labour practices and alleged excess manufacturing capacity. The measures are being implemented through Section 301 of the Trade Act of 1974 after the Supreme Court struck down earlier tariff attempts.

The tariffs target major economies including China, the European Union, Japan, India, South Korea and Australia, creating compliance uncertainty for multinational supply chains. Analysts warn the added duties could exacerbate inflation pressures in Asia already strained by high oil prices and currency volatility following the Iran‑Israel conflict.