Here are the new tariff rates on 60 countries targeted by President Trump
Summary
President Trump has set new tariffs on goods from 60 countries, with rates between 10% and 12.5%. These tariffs started early Friday and target countries that do not effectively stop the import of products made with forced labor.Key Facts
- The new tariffs replace previous ones that expired on Friday morning.
- They are based on Section 301 of the Trade Act of 1974.
- Tariffs are 10% for countries that have taken some steps to ban forced labor.
- Tariffs are 12.5% for countries that fail to ban forced labor effectively.
- The tariffs cover 99.4% of all U.S. imports from the 60 targeted countries.
- Countries with a 10% tariff include Canada, India, Mexico, and the European Union.
- Countries with a 12.5% tariff include China, Brazil, Japan, and Saudi Arabia.
- The action is described as the largest U.S. measure ever to address international labor rights related to forced labor.
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