Trump rebuilds trade regime with new tariffs on global trading partners

The Trump administration announced a new round of tariffs of as much as 12.5% on 60 trading partners on Thursday, preventing a lapse in import taxes as a temporary tariff program nears expiration. Why it matters: It shows the White House's determination to sustain its tariff agenda as it turns to new trade laws as earlier authorities run their course or face legal challenges. The new tariffs take effect at 12:01 a.m. ET on Friday, precisely when the temporary duties end. It has been one of the…