New American tariffs of up to twelve and a half per cent on sixty of the country's trading partners have taken effect, covering virtually all goods imported into the United States.
The duties, imposed under Section 301 of the Trade Act, replace a global ten per cent tariff that expired on Friday after reaching its statutory time limit — and are designed to stand on firmer legal ground after the Supreme Court struck down US President Donald Trump's earlier tariff regime in February.
The administration says the new levies target countries that have failed to prevent goods made with forced labour from entering global trade.
Kate Fisher reports from Washington.
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Kate Fisher, our reporter in Washington, says the immediate economic impact may be limited because businesses have already adjusted to the previous baseline tariff level.
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