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Trump to impose 'forced labor' duties on Friday as temporary 10% US tariffs expire
['David Lawder', 'July', 'Min Read']
Yahoo News - Latest News & Headlines
By David LawderJuly 23 (Reuters) - The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires.
Trump responded to the February Supreme Court ruling by imposing a temporary 10% tariff for 150 days that expires at 12:01 a.m. EDT on Friday (0401 GMT).
"The United States has had a forced labor import ban for nearly a century, and rigorously enforces it.
Greer has previously pledged that for countries that have reached trade deals with Washington capping U.S. tariff rates, the new forced labor duties would not push them above those caps.
The European Union, Taiwan, Japan, South Korea and Switzerland were assigned rates that, combined with pre-existing most-favored-nation tariff rates, would total 10% or 12.5%.