Washington (ANTARA) - US President Donald Trump is expected to impose\nnew tariffs of 10 to 12.5 per cent on imports from 60 countries as early\nas this week.<\/p>\n
The Financial Times, citing sources familiar with the plan, reported\non Tuesday that the new policy could take effect after the current 10\nper cent tariff on most US imports expires on Friday.<\/p>\n
Officials are said to have prepared several options for Trump\u2019s\nconsideration.<\/p>\n
The tariffs could be imposed following investigations into alleged\nforced labour, which would give the Trump administration a legal basis\nto circumvent restrictions after the US Supreme Court struck down the\nprevious import tariffs Trump had imposed.<\/p>\n
The report added that the initial tariff rate is expected to remain\nclose to the current level of 10 per cent, while the government\ncontinues separate trade investigations that could later serve as\ngrounds for imposing higher tariffs.<\/p>\n
However, a number of senior officials are said to have advised Trump\nnot to sharply escalate trade tensions and to maintain the agreements\nalready reached with US trading partners in 2025.<\/p>\n
Those officials warned that further escalation could trigger economic\nturmoil amid rising fuel prices and high living costs ahead of the\nmid-term elections.<\/p>\n
On 3 June, the US Trade Representative (USTR) stated that the Trump\nadministration had proposed new tariffs on imports from 60 countries,\nciting concerns over alleged forced labour.<\/p>\n
The proposal includes an additional 10 per cent duty on imports from\ncountries that have implemented or committed to full or partial bans on\ngoods linked to forced labour, while an additional 12.5 per cent tariff\nwas proposed for other countries.<\/p>\n
In February, the US Supreme Court ruled that the tariffs Trump\nimposed under the International Emergency Economic Powers Act (IEEPA)\nwere unlawful.<\/p>\n
Trump condemned the ruling, calling it \u201csilly\u201d, and subsequently\nordered the application of a temporary 10 per cent tariff on all imports\ninto the US for 150 days. He then announced an increase in import\ntariffs to 15 per cent for all countries.<\/p>\n
On 7 May, the US Court of International Trade ruled that all the 10\nper cent tariffs Trump had imposed on foreign imports were unlawful.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/trump-potentially-to-impose-new-tariffs-on-imports-from-60-countries-1784656303", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }