The Guardian14 Jun 2026Macro
Automatically composed with AI from the cited sources
Facing the July expiration of the temporary 10% global tariff, the Trump administration announced plans to assess new 10–12.5% tariffs on 60 countries under section 301 of the Trade Act for alleged forced labour. The author, presenting to a packaging industry group in two weeks, notes that most small-business clients are profitable, have conditioned customers to price increases, and now regard tariffs as a short-term problem likely to be blocked by courts or reversed by a future administration, while refunds from the struck-down IEEPA tariffs are flowing back.