US threatens new tariffs

THE United States has threatened to slap new duties against the Philippines and 59 other economies for allegedly failing to act against forced labor. The proposed tariffs range from 10 percent to 12.5 percent, the Office of the US Trade Representative (USTR) said. These will undergo a public comment period before final decisions are made. The move comes months after Washington launched investigations into trading partners, including China, the European Union and Japan. The probes looked into whe