Trump to slap news tariffs by Fri as old expire

President Donald Trump plans to impose new tariffs of at least 10% on products from 60 trading partners by Friday, maintaining his tariff regime as previous duties expire. This move follows a proposal citing lax forced-labor standards and aims to solidify Trump's commitment to tariffs ahead of the midterm elections, despite rising voter concerns about living costs. The administration also recently announced a 50% tariff on many Canadian goods, escalating trade tensions with Canada.

Read the source (Economic Times)

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