The U.S. just slapped new 10–12.5% tariffs on goods from 60 countries, citing insufficient efforts to block forced labor products — a move sparking fierce backlash from Australia, New Zealand, and the EU, who call it unjustified and damaging to trade. While experts note these tariffs may be less disruptive than past ones due to lower rates and targeted scope, they warn of higher prices ahead and hint at more tariffs this fall targeting overcapacity.
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