Topic
us trade policy
Trade Trump Imposes Fresh Tariffs on 60 Economies Over Forced Labour; India Gets 10% Duty
US President Donald Trump imposed new Section 301 tariffs on imports from 60 economies over forced labour concerns, effective July 24, 2026. India is among 17 economies that will face a lower 10% tariff instead of the proposed 12.5% duty. The action follows USTR investigations launched on March 12, 2026.
Trade US Section 301 Tariffs Unlikely to Hit India's Exports, Textiles Need Close Watch, Says FIEO Chief
The US announced Section 301 tariffs of 10% and 12.5% on 60 economies on July 24, 2026, with India placed in the lower 10% category. FIEO chief Sahai stated the tariffs are unlikely to impact India's overall exports but noted that textiles need close watch as India was excluded from the textile TRQ exemption granted to some competitors. Products under Section 232 remain unaffected.
Trade GTRI Questions US 10% Section 301 Tariff on Indian Exports, Says Measure Lacks Credible Evidence
Global Trade Research Initiative (GTRI) has questioned the US 10% Section 301 tariff on Indian exports, stating it lacks credible evidence of forced labour. India had amended its Foreign Trade Policy in June 2026 to prohibit forced labour imports, reducing the proposed tariff from 12.5%. Around 70% of India's exports to the US will now face MFN duty plus the 10% tariff, while 8% face existing Section 232 duties.
Trade USTR Hints at 'Action Soon' as 10% Tariff Expiry Looms, Canada Hit With 50% Duty
USTR Jamieson Greer said 'some action soon' is coming days before the current 10% additional tariff on all countries expires Friday. The Trump administration has imposed 50% tariffs on $20 billion of Canadian goods via Section 338 of the Tariff Act of 1930 and proposed Section 301 tariffs of up to 12.5% on 60 economies for forced labour issues.
Trade Flexport: New Tariff Wave Could Replace Expiring Trade Duties by Late July
According to FreightWaves, Flexport executives warned that a new round of tariffs, including proposed Section 301 forced-labor duties, could replace expiring Section 122 tariffs by July 24. The comments came during Flexport's 'Tariff Trends 2026' webinar, where customs director Marcus Eeman outlined potential tariff changes, USMCA challenges, and legal battles ahead.