world-economy

Trump Administration Levies Double-Digit Tariffs on 60 Nations Over Forced Labor Concerns

The U.S. imposed tariffs ranging from 10% to 12.5% on imports from 60 countries Friday, citing inadequate enforcement of forced labor prohibitions. The duties apply to nations accounting for roughly 99% of American imports and represent the administration's most sweeping tariff action to date. Canada faced steeper treatment, with a 50% duty applied to most goods over trade practice disputes involving automobiles, alcohol and dairy products. Asian trading partners rejected the tariffs as unjustified and baseless, though they stopped short of announcing retaliatory measures. The tariffs took effect as Section 122 levies expired, marking a significant restructuring of U.S. import duties across major trading partners.