ANALYSIS: US Tariffs and Their Potential Impact on the Tuna Trade
On April 2, US President Donald Trump announced changes to tariffs affecting more than 180 countries, introducing a minimum 10% tariff that will take effect on April 5. Higher increases in reciprocal rates will come into effect on April 9. The US Trade Representative (USTR) has determined the elevated reciprocal tariff rates based on a formula that focuses on the trade deficit with its partners, along with each country’s monetary tariffs, non-monetary trade barriers, currency manipulations, and other factors...
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