The Trump administration has announced that it will impose new import tariffs on dozens of countries starting just after midnight ET on Friday. According to senior administration officials, the move is aimed at addressing alleged forced labor violations linked to imported goods.
The new tariffs will range from 10% to 12.5%, replacing the temporary 10% global tariff that is set to expire at the same time.
Officials say the new measures are designed to increase pressure on countries accused of benefiting from forced labor practices while encouraging fairer trade standards. The decision could lead to higher import costs, affect global supply chains, and increase trade tensions with countries impacted by the new duties.
