Trump Sets New Import Tariffs on 60 Nations to Replace Expired Levies
The administration established new tariff rates ranging from 10 percent to 12.5 percent on 60 economies under Section 301 authority. This action follows the expiration of previous 10 percent global tariffs after their 150-day legal window concluded. While Trump terminated existing value-based duties on imports from nations like China and Mexico, the new measures target a broad range of allies and competitors. The shift in trade policy has raised concerns regarding international agreements. Analysts noted that the prospect of a world-beating trade deal with the United Kingdom appears less certain as the administration applies these new duties to U.S. allies. Trump cited manufacturing protection and national security concerns as the primary drivers for the broad application of these trade barriers.
Here are the new tariff rates on 60 countries targeted by President TrumpTariff manFaisal Islam: The UK's Trump trade deal no longer looks world-beating
Jul 24
Switzerland and Democrats Challenge Trump's Forced Labor Tariff Justification
The Swiss government refuted allegations of forced labor following a new 12.5 percent tariff on Swiss imports. U.S. Trade Representative Jamieson Greer announced the new duties on 60 countries. He claimed the measures are necessary to eliminate goods produced through coerced work. This move follows an executive order terminating previous value-based tariffs on major trading partners like China and Mexico.
Democrats accused Trump of using forced labor as a convenient excuse for protectionist policies. While the administration applied new tariffs to China, trading partners called the hikes completely unjustified. The administration maintains that the rates respond to failures in enforcing labor bans across dozens of economies.
Switzerland Rejects Forced Labor AccusationsUSTR Announces New Global TariffsDemocrats Criticize Tariff Justification
Jul 24
Trump replaces existing trade duties with new forced labor tariffs on 80 nations
Trump signed an executive order to terminate value-based tariffs on imports from China, Mexico, and Canada while simultaneously imposing new double-digit duties on dozens of trading partners. The administration claims these measures target modern-day slavery at its source by requiring partners to enact import bans on goods produced through forced labor. This move follows the expiration of temporary 10 percent tariffs and comes despite a previous Supreme Court ruling regarding the legality of such emergency power usage. International allies have objected to the forced labor claims, while Democrats characterized the new duties as a sales tax that will increase costs for Americans. Retailers had previously anticipated an end to trade duties, but prices continue to fluctuate during the midterm elections.
Trump imposes new tariffs on over 80 countries to replace expired global duties
The administration set duties between 10% and 12.5% on imports from major trading partners. These newly implemented tariffs replace a previous 10% blanket duty that the Supreme Court ruled illegal. The new duties apply to countries including Canada, Mexico, and members of the European Union. The administration cited failures to police forced labor as the primary justification. However, the move has met with bewilderment from international observers. The policy shift targets approximately 60 to 80 trading partners. Trump established these forced labor duties immediately following the expiration of the previous temporary global tariff. Analysts noted that the latest escalation in the trade war coincided with a surge in global oil prices.
Trump's Global Tariffs: What's the Latest on the Trade WarNew US tariffs aimed at over 80 countries go into effectTrump imposes forced labor duties on 60 trading partners as 10% US tariffs expire
