Cyprus Mail24 Jul 2026

Trump imposes new tariffs on EU, China and 58 other trade partners

Trump imposes new tariffs on EU, China and 58 other trade partners

The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expired.

The move is the White House’s latest effort to restore President Donald Trump’s campaign vision of a near-global tariff after the U.S. Supreme Court in February struck down his “reciprocal” duties of 10% to 50% imposed last year under a national...

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Trump imposes new tariffs on EU, China and 58 other trade partners · XploreCyprus