US imposes forced labour tariffs on 60 economies: Which countries will pay 10% and 12.5% duty?
The United States imposed tariffs on goods from 60 economies based on their enforcement of forced labor bans, with rates set at 10% for countries with adequate laws and 12.5% for those with inadequate measures. This move aims to encourage better compliance with anti-forced labor regulations, impacting countries including India, Canada, China, and members of the European Union. Businesses importing from these nations may face increased costs and potential supply chain disruptions due to these tariffs.