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[BUSINESS] · United States, China · 12 sources

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Trump reinstates global tariffs on 60+ nations using Section 301

The U.S. Supreme Court this year invalidated President Donald Trump’s broad global tariffs that had been applied under a national‑emergency authority. To replace the expired 10 % temporary levy, the administration re‑imposed duties of 10 % to 12.5 % on imports from roughly 60 trading partners, citing violations of forced‑labor prohibitions. The tariffs are authorized under Section 301 of the Trade Act of 1974 and now cover about 99.4 % of U.S. imports, effectively re‑creating the previous “Liberation Day” tariff regime. China is subject to a 12.5 % rate, bringing its weighted average tariff on Chinese goods to about 23.1 %. The Office of the United States Trade Representative (USTR) announced that 60 economies were found to have unreasonable forced‑labor practices, prompting the new duties. The administration also signaled further investigations into excess industrial capacity, alleged intellectual‑property theft and national‑security concerns for strategic sectors such as semiconductors and robotics. Legal challenges are expected, with libertarian‑leaning groups already filing suits that argue the new levies remain unlawful. The moves aim to cement a more durable U.S. tariff wall and signal to foreign ministries that greater concessions may be required to retain access to the $3.4 trillion U.S. import market.

Entities

China · Dan Ujczo · Donald Trump · Jamieson Greer · United States Trade Representative (USTR)

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about 2 months ago