President Donald Trump has announced a new round of tariffs reaching up to 12.5% on 60 U.S. trading partners. The administration confirmed the policy on Thursday, ensuring that new import taxes will take effect as a previous temporary program of 10% levies expires this Friday.
These new measures are designed to prevent a lapse in import taxation following a recent Supreme Court ruling that necessitated the end of the previous stopgap tariff program. By implementing these double-digit levies, the White House aims to maintain its current trade agenda while transitioning toward new trade laws.
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