Jamieson Greer signals that the administration will soon implement new tariffs targeting 60 trading partners over forced-labor issues.
Jamieson Greer signaled on Tuesday that the administration expects to implement new tariffs soon to address global forced-labor concerns. These duties, which range from 10 to 12.5 percent, are expected to cover approximately 99 percent of U.S. trade. The new levies will replace a temporary 10 percent global duty set to expire this Friday. The administration is using these tariffs to rebuild the trade agenda following recent legal setbacks. While partners like Canada, the European Union, Mexico, Taiwan, and the United Kingdom will face a 10 percent rate for taking steps against forced labor, over 40 other major economies, including China, India, and Japan, face a 12.5 percent levy. These moves come as the administration seeks to use tariffs as leverage. Recent actions include a 25 percent duty on certain Brazilian goods and a 50 percent levy on many Canadian products. While these measures aim to encourage trade agreements, they may also spark a cycle of retaliation from trading partners.