Proposal for 10-12.5% levies, to also include EU, Taiwan and Australia, would allow US president to skirt court-imposed limits
Donald Trump has threatened tariffs of between 10% and 12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy.
The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing that stealth tariffs breached the spirit of that agreement.
The proposed levies on partners accused of allowing imports of goods produced by workers under coercion come after the US supreme court ruled in February that the president’s “liberation day” tariffs were illegal.
Trump responded by imposing 10% across-the-board tariffs, but last month the US trade court found those were also unlawful, although they remain in place during the appeal process.
13 Comments
N0t_5ure@lemmy.world · 29 pts · 73d
This is just one more reason why the U.S. has zero credibility. Who would bother entering into a trade agreement when the other side won't honor it?
Doubleohdonut@lemmy.ca · 2 pts · 72d
So these countries did impose a forced labour import prohibition? Sounds like 0 basis for these tariffs then.
vpol@feddit.uk · 20 pts · 73d
Again, projection
redlemace@lemmy.world · 18 pts · 73d
If you go shopping and every time the store threathens you to change their conditions you will take your business elsewhere. Soooooo ....
ReptilianCleric@lemmy.zip · 16 pts · 73d
Um, we have a for profit prison system based off literal slavery, and he's trying to use that excuse. Jesus fucking christ.
rozodru@piefed.world · 12 pts · 73d
as a Canadian: "Oh no!....anyways..."
yeah, these "threats" aren't very threatening anymore. we just don't really care.
cecilkorik@piefed.ca · 4 pts · 73d
Globalize, outsource, and offshore me once, shame on you. Globalize, outsource and offshore me again, shame on me.
CapuccinoCoretto@lemmy.world · 11 pts · 73d
Reciprocity solves all problems. In the end, you end up not trading with belligerents.
The_v@lemmy.world · 8 pts · 73d
If money is involved, there is always somebody who will trade.
When one party is untrustworthy, the other party figures out a way to mitigate their risks. Raising prices, reducing capital expenditure for the country, increasing insurance coverage, not offering credit (prepayment only) and diversifying their trading partners are common ways. All of these methods long-term fuck over the belligerent party.
The effects of this dumbfuckery will hurt the U.S. economy for 20+ years.
phutatorius@lemmy.zip · 1 pts · 72d
That's why he's doing it: economic sabotage.
PattyMcB@lemmy.world · 5 pts · 73d
This shit again?
redlemace@lemmy.world · 3 pts · 73d
Too soon.... It isn't tuesday yet ;)
melsaskca@lemmy.ca · 2 pts · 72d
All villagers everywhere eventually stopped dealing with the boy who cried wolf. /s