President Trump places new tariff threat on 60 trade partners - Yahoo Finance
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- Trump threatens new tariffs on 60 trade partners.
- US will uphold tariff caps in deals with the EU and Japan, according to the trade chief.
- Trump administration proposes a 10% tariff on Canada and Mexico.
- Yahoo Finance runs an opinion piece saying Trump is trying a new trick to raise tariffs.
Why it matters: US exporters risk retaliation while foreign producers in the 60 targeted countries and in Canada and Mexico face higher duties, potentially raising prices for American consumers and straining trade negotiations.
