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Global Business News

The Economic Times

Global Business / The Economic Times

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USTR's Greer says Trump's latest tariffs won't have an economic impact

New US tariffs on forced labor bans will likely have minimal economic impact. These duties cover nearly all American imports from targeted nations. The US is also investigating excess industrial capacity in key countries. This probe could potentially lead to further additional tariffs being imposed. The trade representative defended the use of Section 301 for broad tariffs.

28 Jul 2026 6:33 am