President Donald Trump appears prepared to utilize tariffs as a geopolitical tool once again. He announced a 50% tariff on Canada that came without warning. He followed up this announcement with more tariffs targeting multiple nations he accuses of practicing “forced labor.” This could indicate the administration believes it has a legal path to apply tariffs that doesn’t conflict with SCOTUS’ recent ruling on tariffs.
US imposes tariffs on dozens of trade partners over ‘forced labour’ imports– www.bbc.co.uk
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EXCERPT:
The US is imposing new tariffs on around 60 trading partners accounting for the vast majority of its imports over claims they failed to properly stop forced labour.
The duties, ranging from 10% to 12.5%, target key economic partners – including the UK, China, EU, Canada, Japan and India. They come in on Friday, as a temporary 10% tax on foreign goods introduced earlier this year expires.
The move is the latest escalation in the global trade war reignited by US President Donald Trump when he returned to office last year.
The US Supreme Court ruled earlier this year that many of the tariffs imposed globally under emergency powers were illegally enacted.
So the president has since sought other legal avenues to pursue his flagship trade policy.
It was last month that the White House first proposed a series of 10-12.5% duties on goods arriving to American shores from dozens of countries over concerns they were not doing enough to tackle forced labour.
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