United States Implements Tariffs on Numerous Trading Partners Over Forced Labor Allegations

The US administration has announced new tariffs, ranging from 10% to 12.5%, on goods from 60 trading partners, including the European Union and China. These tariffs, effective immediately, are imposed under Section 301 of the Tariff Act of 1974, citing concerns over insufficient enforcement of forced labor bans. The move has drawn criticism from the EU and warnings from the International Chamber of Commerce regarding potential global supply chain disruptions and increased compliance costs.