US to Impose Double-Digit Tariffs on Dozens of Countries

US to Impose Double-Digit Tariffs on Dozens of Countries

The United States will slap taxes of 10% to 12.5% on imports from 60 countries accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor. The move is expected to impact a significant portion of global trade. The tariffs will be imposed on countries that have failed to meet the US's standards on labor practices. The US has been increasing its efforts to combat forced labor in global supply chains. The move is expected to have a significant impact on global trade and economies.