Topic
us tariffs
Tariffs & Duties #us tariffs#forced labour
US Imposes Fresh Tariffs of Up to 12.5% on 60 Economies Over Forced Labour; India Gets Lower 10% Rate
The Trump administration announced new tariffs of 10% and 12.5% on imports from 60 economies under Section 301 of the Trade Act of 1974, targeting countries with inadequate forced labour enforcement. India secured the lower 10% rate following recent policy changes. The tariffs take effect July 3, 2026, replacing temporary global duties.
Jul 23, 2026 1 source
Trade Tariffs & Duties #tariffs#us tariffs
US Imposes New Tariffs on 60 Trading Partners Over Forced Labour Claims
The United States is imposing new tariffs on imports from approximately 60 trading partners over allegations of inadequate action against forced labour. Duties range from 10% to 12.5% and target key economies including the UK, EU, Canada, Japan, and India, effective Friday. Canada faces additional 50% duties on some goods. The move escalates the global trade war reignited by President Donald Trump.
Jul 23, 2026 1 source