US imposes new tariffs on 60 partners

On July 24, 2026, the United States imposed new tariffs on 60 trading partners, replacing an expiring global duty. The tariffs range from 10% to 12.5%, targeting economies including China, India, and the European Union. The measures are based on forced labor concerns and follow a months-long investigation. Countries with forced labor import bans face the lower rate; others face the higher rate. The EU, Taiwan, Japan, South Korea, and Switzerland receive relief under existing trade pacts. The tariffs were condemned by Japan and Australia. The US also recently imposed 25% tariffs on Brazilian goods and 50% tariffs on Canadian products. Experts view the move as signaling a more protectionist US trade policy.