Tariffs Trump: The Economic Consequences of Provocation President Trump has announced new tariffs on dozens of countries over allegations of "forced labor. " The 10% to 12. 5% duties, set to take effect at 12:01 a. m.
ET on Friday morning, will add another layer of uncertainty to the already volatile global economy.
This move is part of a series of protectionist measures taken by the Trump administration to shield American industries from what they perceive as unfair foreign competition.