Trump implements a massive tax package, which will come into effect within hours.
Starting Friday, the United States will impose customs duties of 10-12.5 percent on dozens of trading partners, citing that these countries have not done enough to eliminate the consumption and trade of goods produced through forced labor. The new tariffs will affect more than 99 percent of U.S. trade and will come into effect along with the temporary global tariffs that were introduced in February.
The United States is imposing tariffs of 10-12.5 percent on goods from dozens of trading partners. The Trump administration is citing the fact that these countries have not taken adequate measures to address the trade in goods produced through forced labor as the reason for the decision. The measure covers more than 99 percent of US trade and will come into effect at the same time as the temporary global tariffs that were introduced in February.
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