The US proposes new tariffs on 60 economies.

TPO - The administration of US President Donald Trump has proposed imposing additional tariffs of 10% or 12.5% ​​on imports from 60 economies, arguing that these economies have not taken reasonable measures to prevent the production of products using forced labor, thereby hindering US trade.

US Trade Representative Jamieson Greer. (Photo: Reuters)

The proposal from the U.S. Trade Representative (USTR) is the latest conclusion announced in the Section 301 investigation into unfair trade practices. This move comes as the Trump administration seeks to reinstate emergency tariffs that the U.S. Supreme Court rejected in February.

The USTR announced it will impose an additional 10% tariff related to forced labor on imports from Canada, Ecuador, the European Union (EU), Indonesia, Mexico, Pakistan, Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Malaysia, Taiwan (China), and the United Kingdom.

The agency also said it would impose an additional 12.5% ​​tariff on the remaining 45 countries under investigation.

You may also like

Trump says Iran was 'provoked' to attack Gulf states.US President Donald Trump claimed that Iran was "provoked" to attack its Gulf neighbors after US forces shelled Iranian territory.

“It is unacceptable that our most important trading partners are not addressing the issue of imports of goods produced with forced labor. This creates an unfair competitive environment, forcing American workers to compete at a disadvantage in the global market,” U.S. Trade Representative Jamieson Greer declared on June 2 (U.S. time).

The USTR also proposed a separate mechanism for the textile and apparel industry, allowing a certain amount of imported apparel and textiles to enter the US market at lower preferential tariffs. However, the agency has not yet announced the specific tariff rates or quotas that will be applied.

The announcement comes ahead of July 24th, when the temporary 10% tariff imposed by the Trump administration on February 20th will expire. This is also the date the U.S. Supreme Court will rule against the tariffs that President Trump imposed under the International Emergency Economic Powers Act (IEEPA).

Previously, the USTR proposed a 25% tariff on many Brazilian goods following a Section 301 investigation into the country's digital trade policies and preferential tax regime. The US trade agency is also reportedly about to announce the results of another major Section 301 investigation related to industrial overcapacity in 16 trading partners, including China.

In its conclusion on forced labor, the USTR stated that several items would be exempt from the new tariffs, including energy, rare earth elements and certain other metals, beef, coffee, some fruits and vegetables, pharmaceuticals, organic chemicals, and aircraft components.

You may also like

The US has not launched a ground operation in Iran; Tehran denies assassination allegations.US President Donald Trump asserted that the country did not need to launch a ground offensive in Iran because the airstrikes carried out in the past had yielded the necessary results.

The USTR will accept public comments on the proposed tariffs and related measures until July 6th, before holding a public hearing on July 7th.

Source: https://tienphong.vn/my-de-xuat-muc-thue-moi-voi-60-nen-kinh-te-post1848524.tpo