Starting Friday, the U.S. slams new tariffs on key trading partners — from 10% to 12.5% — replacing expiring global duties and dodging legal hurdles after a Supreme Court ruling. Targeting goods tied to forced labor, the move favors nations like the UK and EU (lower rate) while hitting China and Japan harder (higher rate). Exemptions apply for steel, aluminum, and USMCA goods. This is just the first wave — 16 other economies are under scrutiny for industrial capacity issues, with more tariffs looming.
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