U.S. Implements New Tariffs on 60 Trade Partners

Why it matters locally: Rhode Island's import and export businesses, particularly those engaged with the 60 affected trade partners, will experience direct impacts on their operating costs and supply chains due to these new tariffs.

---

The U.S. Trade Representative's office announced new tariffs on products originating from 60 global trade partners. These tariffs, set between 10% and 12.5%, replace temporary duties previously enacted under the Trump administration. The previous temporary tariffs concluded at midnight. The U.S. government implemented the new tariff structure following this expiration.