President Trump has imposed new global tariffs on 60 countries, including Pakistan, China, and India. There has been strong opposition from trading partners over the new import tariffs of between 10 and 12.5 percent.
The new duties will apply to 99.4 percent of US imports, including India, Canada, the United Kingdom, and Malaysia. According to a British news agency, US President Donald Trump’s administration has imposed new tariffs of 10 and 12.5 percent on goods imported from 60 trading partners around the world.
The US government maintains that these countries have not taken effective measures to prevent products manufactured using forced labor in their supply chains. The new tariffs will apply to about 99.4 percent of U.S. imports, but will exempt oil, gas, fertilizers, certain food items, aircraft and their parts, key minerals, as well as items already subject to national security duties such as steel, aluminum, copper and vehicles.
Pakistan, India, the United Kingdom, Canada, Malaysia, Mexico, Bangladesh and several other countries were hit with 10 percent tariffs, while China, Vietnam and several others were hit with 12.5 percent. The new rates for the European Union, Japan, South Korea, Taiwan and Switzerland are capped at 10 or 12.5 percent, in addition to existing import duties.
China, Australia, Brazil, Norway and other countries have opposed the U.S. move, calling it unilateral and unjustified, while the European Union said the new rates were in line with previous trade agreements between the two sides. Analysts say the move is an attempt to re-enforce the US tariff system globally after the Supreme Court struck down Trump’s previous “reciprocal tariffs,” but the US could still impose additional tariffs in the future