Some U.S. allies see higher duties under new tariffs, rivals see relief, trade body says [CNBC]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
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Source: CNBC
Brazil and China are set to see sharp reductions after the Supreme Court struck down IEEPA-based levies. Trump announced 15% tariffs, but the White House fact sheet still lists 10%, leaving trade deals in doubt. The Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong. Martin Bernetti | Afp | Getty Images The U.K., the European Union and Singapore face higher trade-weighted tariffs, while countries such as Brazil, China and India will see such levies go down after U.S. President Donald Trump said he would raise global duties to 15%. This comes after the U.S. Supreme Court decided in a 6-3 tariff ruling that the president wrongfully invoked the International Emergency Economic Powers Act (IEEPA) to implement his levies. Trump later responded by imposing a global 10% duty under Section 122 of the 1974 Trade Act, which
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