World: US Announces 12.5 Pct Tariffs On South Korea, Japan Over Forced Labour Concerns
The Office of the US Trade Representative unveiled the new tariffs ranging from 10 percent to 12.5 percent on dozens of countries after conducting...
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Summary
The Office of the US Trade Representative (USTR) unveiled the new tariffs ranging from 10 percent to 12.5 percent on dozens of countries after conducting investigations into 60 economies under Section 301 of the 1974 Trade Act to determine whether they had taken sufficient steps to ban imports made with forced labour. Last month, the USTR proposed a 12.5 percent tariff on South Korea and other economies over forced labor concerns. The investigations came as the Trump administration sought to replace the invalidated reciprocal tariffs that it had imposed under the 1977 International Emergency Economic Powers Act (IEEPA). -- BERNAMA-YONHAP BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Furthermore, The across-the-board duties were rolled out after the Supreme Court struck down the Trump administration's country-specific "reciprocal tariffs" in February. The announcement came as the administration's temporary 10-percent global tariffs were set to expire Friday. The USTR rolled out a 10 percent Section 301 tariff on goods of Canada, Mexico, Argentina, Britain and 14 other countries while announcing a 12.5 percent Section 301 tariff on other investigated countries.
In addition, WASHINGTON: The Trump administration on Friday will impose new tariffs of 10 per cent and 12.5 per cent on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labour bans, just as a temporary 10 per cent global tariff expires. The US administration launched the Section 301 investigations into 60 trading partners in March, citing their failure to ban and effectively enforce prohibitions on imports of goods produced with forced labour.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
The Office of the US Trade Representative (USTR) unveiled the new tariffs ranging from 10 percent to 12.5 percent on dozens of countries after conducting investigations into 60 economies under Section 301 of the 1974 Trade Act to determine whether they had taken sufficient steps to ban imports made with forced labour.
reliability moderate2/2 sourcesLast month, the USTR proposed a 12.5 percent tariff on South Korea and other economies over forced labor concerns.
reliability moderate2/2 sourcesThe investigations came as the Trump administration sought to replace the invalidated reciprocal tariffs that it had imposed under the 1977 International Emergency Economic Powers Act (IEEPA). -- BERNAMA-YONHAP BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
reliability moderate2/2 sourcesThe across-the-board duties were rolled out after the Supreme Court struck down the Trump administration's country-specific "reciprocal tariffs" in February.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
The announcement came as the administration's temporary 10-percent global tariffs were set to expire Friday.
according to The Korea HeraldThe USTR rolled out a 10 percent Section 301 tariff on goods of Canada, Mexico, Argentina, Britain and 14 other countries while announcing a 12.5 percent Section 301 tariff on other investigated countries.
according to The Korea HeraldWASHINGTON: The Trump administration on Friday will impose new tariffs of 10 per cent and 12.5 per cent on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labour bans, just as a temporary 10 per cent global tariff expires
according to New Straits TimesThe US administration launched the Section 301 investigations into 60 trading partners in March, citing their failure to ban and effectively enforce prohibitions on imports of goods produced with forced labour.
according to Bernama
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