USTR proposing new tariffs of at least 10% for most trading partners
AP News • • general
Key Points:
- The Trump administration proposes imposing tariffs of 10% or more on products from dozens of major trading partners, citing their failure to enforce bans on imports made with forced labor.
- Countries like Canada, Mexico, Taiwan, and the UK would face 10% tariffs, while China, Japan, India, South Korea, Brazil, and Switzerland would face 12.5% tariffs under the plan.
- The tariffs follow a USTR investigation under Section 301 of the Trade Act of 1974, which found 60 countries failed to prevent imports of goods made with forced labor, affecting products such as rice, tobacco, beef, cotton, and polysilicon.
- The proposed tariffs are subject to public comment and review, with hearings scheduled to begin on July 7, and are designed to address issues not covered by previous tariffs struck down by the Supreme Court.
- The administration also separately proposed 25% tariffs on Brazilian imports due to unfair trade practices, including lax anti-corruption enforcement and protectionist tariffs.