WS #12679
The US imposed new 10-12.5% tariffs on 60 trade partners under Section 301, but exempted farm inputs like fertilizers and pesticides. Crop prices hit three-year highs due to heat waves and Black Sea conflict disruptions, signaling potential global food crisis and downstream supermarket price increases.
New US Forced-Labor Tariffs Imposed
The US imposed new 10-12.5% tariffs on 60 trade partners under Section 301, but exempted farm inputs like fertilizers and pesticides.
Crop prices hit three-year highs due to heat waves and Black Sea conflict disruptions, signaling potential global food crisis and downstream supermarket price increases.