Trump Slaps Fresh Tariffs On 60 Trading Partners, Including India, After Earlier Duties Expire

Published 23 July 2026 · finance

Trump Slaps Fresh Tariffs On 60 Trading Partners, Including India, After Earlier Duties Expire Published By, Last Updated: July 24, 2026, 03:10 IST The tariffs

Trump Slaps Fresh Tariffs On 60 Trading Partners, Including India, After Earlier Duties Expire Published By, Last Updated: July 24, 2026, 03:10 IST The tariffs range from 10% to 12.5% and will cover around 99.4% of US trade, according to a USTR fact sheet US President Donald Trump's sweeping tariffs were deemed illegal by the US Supreme Court. (File image/Reuters) The US on Thursday announced fresh tariffs on 60 global trading partners, replacing a temporary 10% tariff introduced by President Donald Trump earlier this year that expires at midnight. The new duties, announced by the US Trade Representative (USTR), will come into effect at 12:01 am Eastern Time on Friday. The tariffs range from 10% to 12.5% and will cover around 99.4% of US trade, according to a USTR fact sheet. Major trading partners, including China, India and the European Union, will be affected by the new measures.

The US said the tariffs were being imposed over concerns related to forced labour practices. “The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it’s well past time for our trading partners to do the same," US Trade Representative Jamieson Greer said while announcing the duties. New Tariffs Replace Temporary Duties The new tariffs replace a temporary 10% global duty introduced by Trump earlier this year. The administration had used different legal authorities to impose the tariff after the Supreme Court struck down several earlier duties in February. According to officials, countries that have implemented forced labour prohibitions will face the lower 10% tariff rate. These include Canada, the European Union and the United Kingdom. Other countries, including China and Japan, will face the higher 12.5% rate, a US official said.

Products that already face sector-specific tariffs, such as steel and aluminium duties, will not be affected by the new measures. Goods entering the United States under the US-Mexico-Canada free trade agreement will also remain exempt, officials said. The Trump administration said the latest tariffs followed a months-long investigation and were designed to withstand possible legal challenges. Washington is also separately investigating 16 economies over concerns about excess industrial capacity. Those investigations could lead to additional tariffs in the future. (With inputs from agencies) News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit Key Questions Answered What economic effects will India face from these duties? The US has imposed new tariffs ranging from 10% to 12.5% on approximately 60 trading partners, including India, citing concerns over forced labor practices. These new duties replace a temporary 10% tariff that expired.