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Trump administration imposes new tariffs on dozens of countries, citing forced labor concerns
The Trump administration imposed tariffs of up to 12.5% Friday on goods from 60 U.S. trading partners it accused of failing to crack down on forced labor. The move, announced Thursday, extended the administration's tariffs on much of the world. A senior administration official described the measure as 'the most sweeping international labor rights action the United States has ever taken, that any country has ever taken.' The forced labor duties mark the latest attempt by President Trump to resurrect his global system of tariffs after a Supreme Court ruling earlier this year struck down most of his country-by-country tariffs. Many economists warn tariffs can lead to higher consumer prices and more sluggish economic growth.