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Some U.S. allies see higher duties under new tariffs, rivals see relief, trade body says

By CNBC February 23, 2026 Bearish
Some U.S. allies see higher duties under new tariffs, rivals see relief, trade body says
Allies like the U.K., EU, Japan, South Korea and Singapore face trade-weighted tariff increases under Trump's new 15% global duties. Brazil and China are set to see sharp reductions after the Supreme Court struck down IEEPA‑based levies.
Allies like the U.K., EU, Japan, South Korea and Singapore face trade-weighted tariff increases under Trump's new 15% global duties. Brazil and China are set to see sharp reductions after the Supreme Court struck down IEEPA‑based levies.