Transcript (en)

cracking down on forced labor. The new levies will impact 60 countries that account for 99% of U.S. imports. Edward Lawrence, that's a big number. He's live from the White House. Hello to you, sir. Good morning. Hello, Bill. And senior administration officials are saying that this does not replace the Section 122 tariffs that ended at 12.01 a.m. Eastern time this morning. However, the new tariffs come into effect the moment the old ones ended by law. Now, this is low-hanging fruit for the Trump administration, really, because multiple administrations have long tracked the use of forced labor in camps across the globe. Now, this is well documented. Based on the Section 301 report, the Trump administration put in place now tariffs ranging from 10 percent to 12.5 percent on 60 countries. Some market experts worry that the tariffs themselves, though, will put pressure on inflation. So I understand why the president is using tariffs