US Unveils New Tariff Proposal: 10% Rate for Taiwan, EU, UK, and Others
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The US has proposed a new tariff plan, imposing at least 10% tariffs on imports from major trading partners like Taiwan, the EU, and the UK, and 12.5% on China, India, Japan, and others, citing forced labor concerns. The proposal, based on a Section 301 investigation, requires a public comment period and is not immediately effective.