The US department of commerce's preliminary findings indicate that rebar steel imported from Vietnam will be subject to anti-dumping duties reaching 130%.
The US will increase additional import tariffs for some countries to 15%, up from the current 10%, according to chief trade representative Jamieson Greer.
U.S. Customs and Border Protection (CBP) will cease collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting 24/2.
Countries are exercising caution following a US Supreme Court tariff ruling, with concerns growing over increased trade instability as Trump responds with an additional 10% tariff.
Experts warn of a new wave of tariff instability emerging as Donald Trump uses other authorities to impose tariffs, following the US Supreme Court's decision.
Effective 1/5, China will abolish tariffs with all African countries, except one maintaining relations with Taiwan, according to a statement by President Xi Jinping.