New tariffs to replace 10% global duty set to expire on Friday as administration cites concerns over ‘forced labor’Donald Trump’s administration has imposed a fresh wave of sweeping tariffs on dozens of US trading partners to replace a 10% global duty that was set to expire early Friday mornin g – the latest attempt to instate aggressive trade policies despite challenges from the country’s highest court.The US will impose between a 10% or 12.5% tariff on more than 80 countries, which includes the United Kingdom, Mexico, Canada, Australia, India, China, and the 27 countries that make up the European Union. It effectively replaces the blanket 10% tariff that Trump imposed in February, right after the US supreme court declared that his many of his earlier tariffs were illegal. Continue reading... ...read more read less