Trump replaces an expiring global tariff with new 10% and 12.5% duties on 60 economies, using Section 301 of the Trade Act of 1974.

The United States imposed tariffs of between 10% and 12.5% on 60 trading partners, which together account for about 99% of its imports, over what the Office of the US Trade…

The new levies will replace global tariffs set to expire Friday.