Trump Unveils New Tariff Plan for Trade Partners
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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.
Trump's trade war has a new target: forced labor. The case behind it is far from simple
Since the Supreme Court struck down President Donald Trump's sweeping global tariff plan, the White House has had its eyes set on alternative pathways for carrying out the centerpiece of Trump's trade war agenda. Last week, one of these new pathways was unveiled, with the Office of the U.S. Trade Representative (USTR) proposing new tariffs of up to 12.5% on 59 countries and the European Union based around Section 301 of the Trade Act of 1974. The justification: Widespread failure, the USTR...
Trump’s rebuilding his tariffs. They could end up a lot narrower.
President Donald Trump is slowly unveiling his new tariff regime to replace the one knocked down by the Supreme Court earlier this year. So far, it’s more restrained than the previous version — a nod to the country’s current economic realities. The Trump administration this week proposed new duties on more than 60 countries after hurried trade investigations — in many cases suggesting tariffs substantially lower than the illegal ones it imposed last year.
The US's slavery finding against Australia should come as no surprise
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