President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.

  • Doomsider@lemmy.worldEnglish
    14·
    3 days ago

    If it wasn’t for China reducing their oil imports by a staggering 5 million barrels a day we would already be in an irreversible crisis.

    It does feel like this administration is purposely trying to crash the economy. Like they want to kick off another great depression just to buy it all up when it all crashes.