The Trump administration is seeking to rely on “Section 301” of the US Trade Law to impose these tariffs, circumventing the ruling of the Supreme Court, which previously ruled that the president exceeded his powers. The measures include imposing duties of 12.5% on 60 countries (including China, India, and Britain) on charges of not combating “forced labor” goods, and duties of 10% on the European Union, Canada, and Mexico. Trump also threatened to impose 100% taxes on the exports of any European country that imposes digital fees on American companies such as Apple and Google.
Economically, experts believe that these measures may push China and India to search for alternative markets, which constitutes an opportunity for Arab ports and markets to benefit from the flow of Asian goods at reduced prices and preferential terms, while the American market alone will bear the burden of rising prices internally.
