Trump Administration Imposes 10% to 12.5% Tariffs on 60 Trade Partners
The Trump administration said Thursday it will impose tariffs of 10% to 12.5% on imports from 60 trade partners at 12:01 a.m. ET on July 24 over alleged forced labor violations, replacing the temporary 10% global duties that expire at the same time. The tariffs will cover more than 99% of U.S. trade, and U.S. Trade Representative Jamieson Greer said countries deemed to be on the right path will face about 10% while others will face 12.5%.
Officials said oil and gas, fertilizer and certain foodstuffs will be exempt, along with goods already subject to Section 232 national security tariffs and goods that comply with USMCA. Goods in transit will get a July 28 effective date, and a U.S. official said the measures do not simply replicate earlier IEEPA tariffs struck down by the Supreme Court.
From the sources (25 posts)
@cnbcThe U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday. h
@polymarketJUST IN: Ontario premier declares Canada should respond “tariff for tariff, dollar for dollar.”
@businessThe Trump administration is set to impose a fresh 50% tariff on some Canadian goods under a never-before-used legal provision
@firstsquawkU.S.-Canada Trade: The Trump administration is imposing new 50% tariffs on certain Canadian imports, alleging that Canada discriminates against American products, according to a Fox Business report.
@firstsquawkU.S. officials said Canada's trade policies have hurt American auto, alcohol, and dairy exports while benefiting foreign competitors, according to a Fox Business report.
@firstsquawkU.S.-Canada Trade: The new tariffs will apply to a range of Canadian imports, including certain alcohol, paper and wood products, sports equipment, dairy products, sugar, agricultural goods, chemicals, paints, cosmetics, synthetic materials
@firstsquawkU.S.-Canada Trade: Senior administration officials said products including wine, hockey sticks, and cement will be subject to the new tariffs, while energy, potash, fish, and critical minerals will remain exempt, according to a Fox Business
@ajenewsBREAKING: Canadian PM Mark Carney says Ottawa is ready to intensify trade talks with the US after President Donald Trump ordered new tariffs on Canada. Carney says Canada has made proposals to resolve trade disputes. 🔴 More on https://t.
@ajenglishRT @AJENews: BREAKING: Canadian PM Mark Carney says Ottawa is ready to intensify trade talks with the US after President Donald Trump order…
@polymarketJUST IN: PM Mark Carney vows Canada will take “any measures necessary” after the U.S. announced plans for a new 50% tariff on Canadian goods.
@reutersUS imposes new 50% tariffs on some Canadian products
@trtworldCanadian Prime Minister Mark Carney says his country is willing to deepen trade talks with US after President Trump ordered new 50 percent tariffs on Canadian goods
@ajenglishUS President Donald Trump will impose new 50% tariffs on many Canadian goods, claiming “discriminatory treatment” by Ottawa against US alcohol, automobile and dairy products
@thehillTrump slaps additional 50 percent tariffs on Canada
@ftTrump prepares fresh tariff barrage with 10% levies set to expire
@deitaoneTRUMP PREPARES NEW ROUND OF TARIFFS President Donald Trump is reportedly preparing a new round of tariffs on dozens of countries ahead of the expiration of the current 10% global tariff this week. According to the Financial Times, the admi
@reutersTrump imposed 50% tariffs on nearly $20 billion of Canadian imports, including dairy, wine and hockey gear, citing discriminatory treatment of US cars, alcohol and dairy goods, with the levies taking effect in 30 days
@ftDonald Trump is poised to unleash fresh tariffs on dozens of countries as soon as this week, even as his advisers warn him against risking the economic shocks of his original trade war ahead of the midterm elections
@cointelegraph🇺🇸 JUST IN: President Trump is preparing a new round of tariffs on up to 60 countries as the current 10% global levy nears expiration, per FT.
@davidfrumRT @SenAdamSchiff: Trump's return to a trade war with Canada further imperils American businesses and industries – like California wine – t…
@me_observer_⚡️⭕️ Financial Times: US President Donald Trump is preparing to impose new tariffs on dozens of countries this week. (Al Mayadeen Breaking)
@clashreportTrump is preparing to impose new tariffs on dozens of countries as early as this week, ahead of the expiration of the current temporary 10% global tariff on Friday. Most of the new tariffs are expected to remain around 10%, though the admi
@osint613Trump is preparing new tariffs on dozens of countries this week, before the temporary 10% global tariff expires Friday. Most are expected to stay near 10%, per the FT.
@bulltheoryio🚨 TRUMP IS ABOUT TO HIT DOZENS OF COUNTRIES WITH NEW TARIFFS THIS WEEK. The current 10% global tariffs are set to expire on Friday. Instead of letting them lapse, Trump is preparing a new round of tariffs on up to 60 countries, this time
@polymarketJUST IN: Trump reportedly preparing a new wave of tariffs on “dozens of countries” as the current 10% global tariff expires Friday.