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Trump Unveils New Tariff Plan for Trade Partners
The US is proposing new tariffs of at least 10% on imports from most major trading partners, citing forced-labor practices. The 10% rate would apply to partners who prohibit forced labor imports, such as Canada, Mexico, the EU, Taiwan, and the UK. Ryan Majerus, Partner: International Trade Team at King & Spalding, discusses the path ahead for tariffs, Section 301 investigations, and where refunds stand.
US proposes new tariffs of at least 10% on dozens of trading partners over forced labour
US proposes new tariffs of at least 10% on dozens of trading partners over forced labour The move comes months after Washington launched investigations into 60 economies, including China, Australia, Japan, South Korea, Singapore and the Philippines. The US Trade Representative on Tuesday (Jun 2) proposed new duties targeting 60 economies for alleged failures to act against forced labour, as the Trump administration seeks to rebuild its tariff agenda following legal setbacks. The proposed...
Lula says Brazil cannot ‘accept treatment’ after new US tariffs proposed
Lula says Brazil cannot ‘accept treatment’ after new US tariffs proposed Brazil’s president says he was surprised by the proposed 25 percent tariffs, which came amid signs of improving relations. Brazilian President Luiz Inacio Lula da Silva has decried newly proposed United States tariffs, saying he could “not accept the treatment” his country had received. The rebuke on Wednesday came a day after the administration of US President Donald Trump announced the 25 percent tariff on certain...
New Trump administration tariffs, this time on forced labor, could come into force as existing ones roll off
The Trump administration on Tuesday proposed new tariffs that would come into force just as an existing levy expires.
US cites forced labour concerns as grounds for new tariffs
US cites forced labour concerns as grounds for new tariffs USTR’s proposal comes from a Section 301 unfair trade practices investigation designed to help rebuild Donald Trump’s tariffs. The administration of US President Donald Trump has proposed new tariffs of up to 12.5 percent on imports from 60 economies after determining they had failed to curb trade in goods made with forced labour, an assertion that was rejected by US trading partners. The proposal from the Office of the United States...
US targets Brazil with new tariffs over trade practices
US targets Brazil with new tariffs over trade practices The US plans new 25 percent tariffs on brazilian imports, citing issues like deforestation and digital trade practices. The administration of United States President Donald Trump has proposed a new 25 percent tariff on imports from Brazil amid allegations of unfair trading practices. US Trade Representative Jamieson Greer announced the new punitive tariffs late on Monday, stemming from issues including digital trade and illegal...
US proposes 25% tariff to punish Brazil over trade practices
US proposes 25% tariff to punish Brazil over trade practices The measures cover areas such as electronic payment services, preferential tariffs, intellectual property protection and the ethanol market The Trump administration has proposed a new punitive tariff of 25 per cent on many imports from Brazil, after deciding its practices were unfair on a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said late on Monday. The measures, under the...