Trump admin proposes broad new tariffs on top trading partners
Summary
The Trump administration has proposed new tariffs on many key trading partners, including the European Union, China, Mexico, and Canada. These tariffs, up to 12.5%, target goods linked to forced labor and aim to rebuild the president’s trade policy after some previous tariffs were blocked by the Supreme Court.Key Facts
- The U.S. Trade Representative’s office released a report on June 2, 2026, proposing tariffs on imports from 60 trading partners.
- The tariffs could be as high as 12.5% and cover 99% of U.S. imports from these countries.
- Countries facing new tariffs include China, the U.K., Japan, Brazil, Mexico, Canada, and the European Union.
- Mexico, Canada, and the EU would face 10% tariffs, while others might be up to 12.5%.
- The tariffs are proposed under Section 301 of the Trade Act of 1974, using forced labor concerns as justification.
- The administration will hold a public hearing on July 7, 2026, before implementing any tariffs.
- This action follows a Supreme Court ruling that limited the president’s previous authority to impose global tariffs.
- The current tariff policy, without these new tariffs, still results in high tariffs not seen since the 1940s, potentially adding up to $1,200 in costs per American household annually.
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