Business & Finance
US announces new tariffs on many trading partners
Key Points
US announces new tariffs on many trading partners July 23, 2026Advertisement The United States said Thursday it would slap taxes of 10% to 12.5% on imports from dozens of countries accounting for 99% of US imports. "The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it's well past time for our trading partners to do the same," said US Trade Representative Jamieson Greer. "Today's action will begin to correct what is both a human rights abuse...
US announces new tariffs on many trading partners
July 23, 2026Advertisement
The United States said Thursday it would slap taxes of 10% to 12.5% on imports from dozens of countries accounting for 99% of US imports.
"The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it's well past time for our trading partners to do the same," said US Trade Representative Jamieson Greer.
"Today's action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere," he added.
More to follow on a developing story...