The United States has imposed a new 10% tariff on imports from 60 countries, citing inadequate protections against forced labour.
The measure, announced on Thursday, targets a wide array of economies including Canada, China, Japan, South Korea, India, and members of the European Union.
This marks a significant escalation in the Trump administration’s trade policy, replacing a previous stopgap measure that was invalidated by the U.S. Supreme Court.
The tariffs are framed as a response to what the administration describes as a failure by these nations to prevent the importation of goods produced using forced labour.
By casting a wide net across both allied and adversarial economies, the policy introduces fresh friction into global trade flows.
The move comes as markets continue to digest the implications of shifting U.S. trade stances, with investors closely monitoring how such broad-based duties might impact corporate margins and supply chain logistics.