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The Economic Times
The Economic Times
National

Donald Trump finds a new way to impose tariffs but Asia isn't buying the reason

US President Donald Trump's latest tariffs have drawn criticism from several Asia-Pacific economies after Washington unveiled a new round of import duties tied to forced labour enforcement, marking a fresh attempt to rebuild its trade strategy following a major legal setback earlier this year.

The United States will begin imposing tariffs of 10% to 12.5% on imports from 60 trading partners from Friday, replacing temporary worldwide duties that expire the same day. The countries affected, including India, account for almost 99% of US imports. Washington said the new Trump tariffs are aimed at economies that have not adequately adopted or enforced bans on imports made with forced labour.

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