-
Indians living in Japan on stand-by to house Asian Games athletes
-
We don't want Games host Japan losing money, says Asian Olympic official
-
Trump signs bill authorizing sweeping Russia sanctions
-
Ed Sheeran returns to stage after Palestinian controversy
-
Protesters form human chain at Kennedy Center after Trump threat
-
Asian Games to open in Japan after troubled build-up
-
Death toll from attack at police HQ in Pakistan rises to 31
-
Drone owners rush to offload devices ahead of Beijing ban
-
Trump says Denmark to give US 'permanent control' over Greenland security
-
Trump's beef policies irk Texas ranchers, testing their loyalty
-
Kennedy Center: future unclear for iconic Washington arts hub
-
Nvidia, OpenAI CEOs to attend Xi dinner at White House
-
Trump claims 'infinite' Greenland security deal with Denmark
-
Anthropic picks Accenture for in-house AI safety evaluation
-
Helicopters battle wildfire threatening Ecuador's capital
-
Balogun returns as Monaco beat Lens to continue strong Ligue 1 start
-
Brentford batter Chelsea to undo Alonso's promising start
-
'Pause' on overt repression in Venezuela, but reforms still needed: HRW
-
Kane hits Bundesliga century as Bayern rout Union
-
Global stocks mixed as yen falls despite Bank of Japan rate hike
-
Trump says CNN, MS NOW, Politico banned from White House
-
Cuba hit with seventh major blackout of the year
-
Hushing and hedging: US companies retreat on climate
-
Murray out with concussion so Wentz will start for Vikings
-
Springboks to face Fiji before 2027 Rugby World Cup
-
UN chief 'deeply regrets' US visa refusal to Abbas for annual meeting
-
Nigeria miners struggled to breathe in cell before 37 died: survivors
-
England quick Carse to face no charges over alleged nightclub assault
-
McIlroy on the charge at PGA Championship as Reed withdraws
-
Mancini brings nine newcomers into the first squad of his Italy comeback
-
McIlroy on the charge at PGA Championship
-
Czechs level Davis Cup tie against USA as South Korea eye Finals
-
Crisis-wracked Volkswagen warns of 10-bn-euro hit to profits
-
New France boss Zidane confirms Mbappe as captain after naming first squad
-
Costa Rica's Grynspan tops third informal poll for UN chief: diplomat
-
California governor signs order to explore AI 'kill switch'
-
Stock markets retreat after central bank rate hikes
-
Head leads run spree as Australia win Zimbabwe ODI series
-
Russia labels director of Cannes Grand Prix winner a 'foreign agent'
-
In-form Raphinha wants to finish career at Barcelona
-
Macron warns of Russian 'hybrid' threat after meeting presidential hopefuls
-
Warren Buffett steps down as Berkshire Hathaway chairman
-
UN holds third informal poll for new chief
-
Carrick confident Man Utd can 'work through' tough time
-
Kulusevski return can spark Spurs: De Zerbi
-
Mbappe ends Nike partnership to join Swiss brand On
-
Shakira to cap off world tour with Madrid 12-gig run
-
Liverpool boss Iraola puts Bournemouth love affair on hold
-
Isolated Syrian-Druze city blames Damascus for shortages
-
'A disaster' if Man City do not win says Maresca after flawless start
US imposes new tariffs on 60 partners as Trump rebuilds trade agenda
A new wave of US tariffs targeting 60 trading partners took effect Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this year.
The levies range from 10 percent to 12.5 percent and impact major economies like China, India and the European Union.
"The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it's well past time for our trading partners to do the same," said US Trade Representative Jamieson Greer.
He earlier added that the targeted economies represent the majority of US trade.
The Trump administration has moved swiftly to rebuild the president's tariff wall after the Supreme Court struck down a host of his duties in February -- dealing a blow to his ability to unleash steep levies at will.
After the setback, Trump tapped different authorities to reimpose a 10-percent tariff on imports. But this only lasted 150 days and expired Friday.
The volley of new duties, initially proposed in June, now takes its place.
The measures were planned after a months-long investigation and are considered more resistant to legal challenges than earlier moves.
Under Thursday's announcement, economies that have implemented a forced labor import prohibition or committed to do so are hit with the lower 10-percent rate. They include Canada, the EU, India and the United Kingdom.
China, Japan, South Korea and dozens of others were deemed to deserve the higher 12.5 percent tariff.
But the EU, Taiwan, Japan, South Korea and Switzerland receive some relief in line with trade pacts they previously reached with the United States.
The new levies received swift condemnation from target countries, with Japan saying it "regrets" the duties and Australia's trade minister calling them "unjustified."
Goods already facing sector-specific tariffs -- like steel and aluminum -- will not be impacted.
Certain energy products and fertilizers will be exempt too, alongside products covered by the US-Mexico-Canada free trade pact, a US official told reporters.
- Maintaining leverage -
Washington is separately investigating 16 economies over excess industrial capacity, in probes that could lead to additional duties.
These could result in varying rates among countries eventually, experts warn.
The Trump administration's move to impose a baseline tariff while sustaining the threat of further duties maintains leverage over its trading partners, trade lawyer Greta Peisch told AFP.
It also creates an incentive for countries to comply with trade pacts that they earlier struck, she added.
In spending time on investigations, officials want their incoming tariffs to be robust if there are court challenges, said Peisch, a former general counsel for the Office of the US Trade Representative, who is now a partner at Wiley Rein.
"This makes it much more likely that they stay for the duration of Trump's term," signaling a "much more protectionist world's largest economy" moving forward, Josh Lipsky of the Atlantic Council told AFP.
Resurrecting tariffs boosts government revenues too, he added.
- 'Fragile' deals -
The Trump administration has been hunting for options that would allow it to aggressively deploy tariffs, said former US trade official Ryan Majerus.
In the longer term, Section 301 of the Trade Act of 1974, which Greer tapped to impose the latest duties, provides "more flexibility than people realize," Majerus said.
Once in place, officials can modify them based on new developments, added Majerus, a partner at King & Spalding.
The latest salvo comes shortly after a 25-percent tariff took effect on various Brazilian goods, as Washington accused the Latin American giant of unfair trade practices.
This week, Trump also ordered new 50-percent tariffs on many Canadian products, citing Ottawa's "discriminatory treatment" of American alcohol, automobile and dairy products.
The Canadian tariffs taking effect in a month rely on an untested legal provision, showing that Trump has other tools to swiftly wield, said Lipsky.
This signals that US tariff deals "are still fragile," he said.
Nonetheless, the EU, which has signed a trade pact, expects that Washington "will honor the commitments that are spelled out under the EU-US Joint Statement."
T.Resende--PC