US announces fresh raft of tariffs on overseas goods

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US announces fresh raft of tariffs on overseas goods

Image source, Getty Images
ByMichael RaceBusiness reporterReporting fromNew York and Francisco VelasquezBusiness reporterReporting fromNew York
  • Published

The US has announced it is imposing a new raft of tariffs on goods being imported into the country from overseas.

New duties, ranging from 10% to 12.5%, target around 60 trading partners, including the UK, EU, Canada, Japan, and India – over claims they failed to properly stop forced labour.

The move is the latest escalation in the global trade war which was reignited by US President Donald Trump when he returned to office in January last year.

It comes after the US Supreme Court ruled earlier this year that many of the tariffs imposed globally under emergency powers were illegally enacted. The president has since sought other legal avenues to push through his flagship trade policy.

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