Trump administration unveils new tariffs on 60 countries... up to 12.5%

1. 1The Trump administration announced new tariffs on Thursday to replace the existing 10% global tariff set to expire at midnight.
2. 2The new tariffs will apply to 60 major trading partners—covering 99.4% of U.S. imports—with rates of 12.5% on countries including China, Australia, and Egypt, and 10% on the EU, Indonesia, Mexico, and others, taking effect at 12:01 a.m. Eastern Time on Friday.
3. 3Imposed under Section 301 of the Trade Act following an investigation into forced labor issues, the measures represent the latest step in efforts to reimpose tariffs after the Supreme Court invalidated the blanket tariffs in February.

Source The New York Times +2 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →