US to impose forced labor tariffs on many trading partners
The Trump administration has unveiled new tariffs on dozens of US trading partners for what it says is lax enforcement of "forced labor" bans. The
The Trump administration has unveiled new tariffs on dozens of US trading partners for what it says is lax enforcement of "forced labor" bans. The new tariffs arrive just as a 10% global duty was set to expire. The United States said Thursday it would slap new tariffs on dozens of countries over allegations of lax enforcement of forced labor bans. The levies range from 10% to 12.5% and impact major economies like China, India and the European Union.
"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," said US Trade Representative Jamieson Greer. "Today's action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere," he added. The new duties will take effect Friday just as a temporary 10% global tariff expires.
Trump's new wave of global tariffs The move is the latest bid to restore President Donald Trump's push for sweeping global tariffs after the US Supreme Court struck down his "reciprocal" duties in February. In response, Trump imposed a temporary 10% tariff under Section 122 of the Trade Act of 1974 — a law meant to quell balance of payments crises — for 150 days that expires on Friday. More to follow on a developing story...
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