Heather Duplessy-Allen

Oh, gosh, here we go again, don't we?

So terrorists raised their heads.

Now, if you thought news flow on the terrorists had been sort of quiet, you're probably right.

But there has been a bit going on in the background.

Not only that, but you've had your little military excursion in the Middle East as well, which has tended to dominate the headlines.

Now, the key context here, of course, is that the...

You've had this legal challenge to the original tariff justification.

Remember back to Liberation Day.

So currently the administration, the Trump administration, is having to process refunds of all those original tariffs.

So they've been working in the background on a way to how to reimpose tariffs.

in a manner that can withstand judicial oversight, however spurious or bizarre that may be.

And now we have it.

And the punchline here, from our point of view, is a potential 12.5% tariff on us and many other countries as well.

And the justification here is that we've not done enough to prevent or counteract importation of goods made with forced labour.

So this practice, according to the announcement overnight, bans.

burdens or restricts us commerce now it's all contained within a 52 year old piece of legislation section 301 of the 1974 trade act there are further investigations going on so you could see further tariffs being announced whether they apply to us or not we don't know now the current you've got a 10 global tariff for them they call a global tariff at the moment

They brought that in after this legal challenge to the original tariffs.

That expires in July.

That was a temporary measure.

So they've got to do something.