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  • 6 hours ago
The U.S. will impose tariffs of 10% to 12.5% on 60 trading partners, including Malaysia, as Trump rebuilds his trade agenda following a Supreme Court setback.
Transcript
00:00The United States has imposed new tariffs on imports from 60 trading partners after a temporary global levy expired.
00:10The move marks the latest escalation in President Donald Trump's trade agenda,
00:14with Washington saying the measures target countries it accuses of failing to address forced labour.
00:21The new tariffs range from 10 to 12.5 percent, with major economies including China, India, the European Union and
00:29Malaysia among those affected.
00:33China, Japan, South Korea and several other trading partners will face the higher tariff rate of 12.5 percent.
00:41However, the EU, Taiwan, Japan, South Korea and Switzerland will receive limited relief under earlier trade agreements.
00:49Goods already subject to sector-specific tariffs will not face the new duties, including steel and aluminum products,
00:56while certain energy products and fertilisers will also be exempt from the measures.
01:01The new tariffs will replace a temporary duty introduced by U.S. President Donald Trump earlier this year.
01:07The administration has moved quickly to reimpose its tariff on his trading partners after the Supreme Court struck down several
01:15duties in February.
01:16Following that ruling, Trump used different legal powers to reintroduce a 10 percent tariff on imported goods.
01:22However, the temporary measure lasts only 150 days and is due to expire on Friday.
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