Jul 24
US imposes 10-12.5% tariffs on 60 nations over forced labor, replacing struck-down global levy
The tariffs, ranging from 10% to 12.5%, took effect at midnight Eastern Time on July 24, replacing a temporary 10% global tariff that the Supreme Court had invalidated. The EU, Canada, and the UK face the lower rate; Australia, China, and Japan the higher one, though existing deals may shield some.
