Washington Plans New Tariff Moves
The United States is preparing to announce the imposition of new tariffs targeting approximately 60 economies, in a move aimed at addressing the weak enforcement of bans on importing goods produced using forced labor. The measures include increasing tariffs by between 10% and 12.5% on countries that do not enforce an effective ban, which could lead to extensive trade disputes with major partners such as the European Union, Canada, and the United Kingdom. This step comes after American investigations revealed inadequate efforts by some nations to eliminate the import of manufactured products made with forced labor, allowing Washington to take retaliatory actions under trade law. These actions could replace the temporary tariffs imposed by the Trump administration with long-term measures to promote fair trade practices.
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