US unveils fresh tariffs of up to 12.5% on 60 economies amid 'forced labour' probe; India gets lower 10% rate
The Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 economies under Section 301 of the Trade Act of 1974, citing forced labor enforcement.
India qualifies for the lower 10% tariff rate after recent policy changes aimed at strengthening enforcement against forced labor imports.
The tariffs take effect at 12:01 am EDT on Friday, replacing the temporary 10% global tariff, with goods in transit exempt until July 28.
The U.S. Trade Representative Jamieson Greer stated the tariffs target countries that have failed to prohibit or effectively enforce restrictions on forced labor imports.
The USTR also launched a Section 301 investigation into 16 economies over allegations of overproduction hurting US manufacturers.
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