The U.S. slams 60 economies with new tariffs—10% to 12.5%—claiming they’re targeting forced labor in imports, but allies like Australia, New Zealand, and the EU are furious, calling it unjustified and damaging to global trade. While the U.S. says these duties meet legal standards and are less likely to face lawsuits, businesses are already adjusting, pulling back from the U.S. market and facing higher costs. Exemptions exist, but the ripple effect is already hitting shelves and supply chains.
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