First Thing: Trump imposes fresh tariffs on UK, EU and dozens of other trading partners
Measures replace 10% global duty and come after supreme court declared many of the earlier tariffs illegal. Plus, how secondhand fashion got so expensiveGood morning.Donald Trump has imposed a fresh round of tariffs on more than 80 countries to replace a 10% global duty that was due to expire, provoking a wave of criticism and protests from US allies and trading partners.What is Trump’s justification for the tariffs? The newest tariffs, announced late last night by the US trade representative, Jamieson Greer, would fall under section 301 of the Trade Act of 1974, aimed against countries that engage in forced labor. Trump had said his administration would investigate unfair trading practices to impose permanent tariffs as soon as the February supreme court decision was announced.How have th
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