US Implements New Tariffs on 60 Nations, Faces Immediate Legal Challenge

The US administration has imposed new tariffs, ranging from 10% to 12.5%, on imports from 60 trading partners, effective July 24, 2026. These duties replace prior temporary measures and are justified by alleged failures in enforcing forced labor prohibitions. A class-action lawsuit has already been filed, challenging the legality of these tariffs and citing significant implications for global trade and supply chains.