world-economy
FW Desk News
FreightWatch.News
Friday, July 24, 2026
Major U.S. trading partners pushed back Friday against fresh tariffs imposed on more than 60 countries. They disputed the Trump administration's justification that these nations inadequately enforce forced labor protections. The new duties, ranging from 10 to 12.5 percent, took effect as previous tariffs expired following a Supreme Court ruling that many prior levies violated emergency powers provisions. Australia's trade minister called the penalties unjustified, noting his country maintains some of the world's most stringent modern slavery legislation. New Zealand's prime minister said an investigation lacked meaningful evidence supporting the forced labor claims. The European Union's foreign policy chief questioned the rationale, pointing to EU labor protections including paid leave and strong employee conditions that exceed U.S. standards. Officials across regions warned the tariffs would increase costs and business uncertainty.