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Business

Trump Announces New Tariffs on 60 Trade Partners

The Trump administration has announced a new wave of tariffs targeting 60 trade partners. The move comes after the president's trade agenda suffered major legal setbacks earlier this year. U.S. Trade Representative Jamieson Greer is involved in the action, which was taken on Thursday. The new duties are described as sweeping and affect a wide range of countries. This escalation marks a return to aggressive tariff policies after a period of legal challenges. The administration says the tariffs are necessary to protect American industries, though critics argue they could raise costs for consumers and provoke retaliation. No specific tariff rates were disclosed in the announcement. The move is expected to impact global supply chains and trade relations. Reactions from affected countries are anticipated. The timing coincides with the expiration of previous global duties. The administration has not provided details on how the tariffs will be enforced or how long they will remain in place. Business groups have expressed concern over potential economic disruption.

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