Geopolitics|Trade|Sanctions — US HITS 60+ NATIONS WITH NEW TARIFFS; CHINA FACES 12.5% RATE ON FORCED LABOR CONCERNS

The United States has implemented new tariffs on more than 60 trading partners, citing forced labor issues. The levies, imposed under Section 301 of the Trade Act of 1974, set a 12.5% rate for China and others deemed to have inadequate laws, while a 10% rate applies to nations like the EU. This new structure replaces a temporary 10% global tariff that expired yesterday and is seen as more resilient to legal challenges.