Trump Proposes New Tariffs of at Least 10%

Summary

Bloomberg's Ros Mathieson reports on President Trump's proposal to enact tariffs of at least 10% on imports from 60 trading partners using a forced labor investigation as the legal basis. The move is part of an effort to rebuild the tariff wall after the Supreme Court struck down earlier emergency powers. Some countries may retaliate, while others wait for more details.

• Trump proposes 10%+ tariffs on 60 trading partners via forced labor investigation.
• The administration aims to replace expiring tariffs with more legally durable 301 tariffs.
• EU, Japan, India, and China are among the affected countries.
• China may retaliate, but other nations may take a wait-and-see approach.
• Exemptions possible for food, textiles, and metals.
• Public hearings and consultation period will follow before implementation.