The US extended a 10% tariff baseline hitting most major trading partners, prompting pushback from countries around the world. #trump #politics #news #usa
The US Trade Representative’s office laid out how it will collect duties of 10% to 12.5% on imports from almost 60 countries and the European Union, effective Friday.
The rationale was that the targeted economies failed to prevent forced labor in their supply chains, according to the US Trade Representative’s office.
Read more: https://www.bloomberg.com/news/articles/2026-07-24/trump-extends-10-tariff-baseline-in-broad-use-of-trade-powers
———-
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts
Connect with us on social:
https://www.instagram.com/bloombergbusiness
https://www.linkedin.com/company/bloomberg-news
@bloombergbusiness
https://www.facebook.com/bloombergbusiness