Trump Hits China, Israel With 12.5% New Tariffs

Trump Hits China, Israel With 12.5% New Tariffs

US President Donald Trump has imposed new tariffs on China and Israel, while keeping India at 10% due to its enforcement of laws against forced labor. The new tariffs are part of Trump's stopgap measures to address the issue of forced labor. According to NDTV, the announcement landed just as Trump's stopgap tariffs were due to lapse on Friday. Under the new order, countries with no domestic ban on forced-labor imports, among them China, the UK, and Japan, will face the steeper 12.5% tariffs. India, on the other hand, will face a 10% tariff due to its enforcement of laws against forced labor. The new tariffs are part of Trump's efforts to address the issue of forced labor, which has been a major concern for the US government.