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FED:'Fig leaf' tariffs blasted as US fires fresh tax salvo

Donald Trump has reignited his tariff war with the world, planning new levies on 60 countries including a 12.5 per cent import tax on Australian goods.

Some of America's closest allies are covered by the latest tariff salvo, which the White House says is in response to lax anti-slavery laws.

The move, which is widely seen as a response to a Supreme Court ruling which struck down Mr Trump's original "Liberation Day" tariffs, has been condemned by Australia's political leaders.

The Trump administration highlighted the "failure of our most important trading partners to address the importation of goods made with forced labour".

"We will no longer tolerate this disparity," US Trade Representative Jamieson Greer said in a statement.

Treasurer Jim Chalmers disputed the claim, saying Australia's modern slavery laws were world-leading.

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