New US tariffs on over 60 economies
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The US imposed tariffs ranging from 10 to 12.5 per cent on 60 economies, including China on Thursday. The White House said the new levies are based on a Section 301 investigation into alleged forced labour in global supply chains. The move under the 1974 Trade Act was described as a way to correct “human rights abuse”. Earlier this month, Beijing voiced “strong dissatisfaction” about the 301 inquiry.
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