First Thing: Trump imposes fresh tariffs on UK, EU and dozens of other trading partners
Summary
President Donald Trump has imposed new tariffs of 10% to 12.5% on over 80 countries, replacing a previous 10% global tariff that was set to expire. These tariffs target countries accused of using forced labor and have caused criticism from US allies. Trump also mentioned he is close to deciding on a large-scale military attack against Iran.Key Facts
- The new tariffs apply to more than 80 countries, including the UK, EU member states, Mexico, Canada, Australia, India, and China.
- The tariffs replace a 10% global duty imposed in February, after the Supreme Court ruled many earlier tariffs illegal.
- The tariffs are based on section 301 of the Trade Act of 1974, targeting forced labor practices.
- Some affected countries have questioned the forced labor justification, saying their labor laws are strict.
- President Trump said he is close to deciding on a "massive attack" against Iran, larger than previous strikes.
- Oil prices have risen above $100 a barrel amid tensions related to Iran and attacks on Saudi tankers.
- Israel would reportedly support the US if asked to join any military action against Iran.
- There are ongoing concerns about rare cancer cases in southern California, with authorities investigating possible environmental causes.
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