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US to impose 10, 12.5% tariffs on 60 trading partners

financeJul 23, 2026351,454

The White House announced it will impose new tariffs of 10 percent and 12.5 percent on about 60 U.S. trading partners, including the European Union, the United Kingdom, Canada, Japan, and India. The administration said the duties target countries it alleges have lax enforcement of forced‑labor bans and come as a temporary 10 percent global tariff is set to expire Friday. The move is presented as a reconstruction of the Trump administration's broader tariff agenda after the Supreme Court struck down earlier duties. Reports say the covered partners account for the vast majority of U.S. trade and that the new levies are calibrated to withstand legal challenges. The announcement replaces the expiring Section 122 stopgap 10 percent duty and follows reporting that the administration framed the measures as forced‑labor import duties under trade law. Major news outlets including Reuters, Bloomberg, NPR, the Wall Street Journal, BBC, CNN, and AP have reported the decision and its timing.

Justin Wolfers
@justinwolfers.bsky.social

Trump just announced the next phase of the trade war, with 10-12.5 percent tariffs on all of our major trading partners. I've got you covered with a deep dive into the law, economics, and politics of this latest episode of the Trump tariff saga: www.youtube.com/watch?v=896S...

2274h ago
Reuters Legal
@legal.reuters.com

The Trump administration will impose new tariffs on 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires.

1055h ago
3 sources