Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
209d ago
Business
CNBC

The Trump administration has announced a new tariff policy targeting goods suspected of being transshipped to evade existing duties. A blanket 40% tariff will now be applied to all goods determined to have been moved through another country to avoid paying the correct import taxes. The White House stated the move is designed to close loopholes and ensure fair trade practices. The policy goes into effect immediately, impacting a range of industries and potentially escalating trade tensions with nations suspected of facilitating transshipment.