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U.S. Imposes New Global Tariffs | Guyana News
Description
The U.S. slaps a new 12.5% tariff on imports from Guyana and 60 other nations, replacing a previous 10% global levy — a move aimed at cracking down on forced labor in global supply chains. Leveraging Section 301 after the Supreme Court blocked prior efforts, the Trump administration seeks to impose baseline duties on nearly all imports, excluding oil, gas, and certain food. While China and the EU are targeted, reactions vary — the EU is surprised and resistant, Canada is negotiating, and Congress backs the effort as a human rights and trade fairness measure. Exemptions exist for critical minerals and USMCA-compliant goods, but the global trade impact is still unfolding.
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