13,741.89 TRY BIST 100 BIST 100
53.29 EUR EUR EUR
46.12 USD USD USD
6.85 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
91.40 USD Fossil Oil Fossil Oil
6.31 USD Copper Copper
95.81 USD Silver Silver
100.76 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,226.57 TRY Gold (gr) Gold (gr)
100.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

U.S. plans new tariff measures on imports from 60 countries

The Office of the United States Trade Representative (USTR) has proposed the introduction of new tariffs on imports from approximately 60 economies, citing insufficient measures to prevent the importation of goods believed to be produced through forced labor.

U.S. plans new tariff measures on imports from 60 countries

Under the plan, additional tariffs ranging from 10% to 12.5% are being considered for major trading partners.

The measure, which is backed by the administration of U.S. President Donald Trump, was reportedly prepared following an investigation into allegations of forced labor. Under the proposal, imports from Canada, Mexico, the European Union, Taiwan, and the United Kingdom would be subject to an additional 10% tariff, while products imported from China, India, Japan, South Korea, Brazil, and Switzerland would face an additional 12.5% tariff.

The proposed regulation is said to aim at reintroducing country-specific tariffs that were previously struck down by court rulings through a different legal framework. The new tariffs are reportedly based on findings from investigations conducted under Section 301 of the Trade Act of 1974.

While the measures are not expected to take effect in the short term, it was noted that the process will be clarified following public consultations and official reviews. Written comments will be accepted until July 6, while public hearings are scheduled to begin on July 7.

U.S. Trade Representative Jamieson Greer emphasized that trade involving goods produced through forced labor creates unfair competition for American workers and stated that stricter measures will be taken against such practices.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

WV Stahl: A permanent reduction in electricity prices is essential

Wednesday, June 10, 2026

EU's new safeguard measures are supporting the European steel market

Wednesday, June 10, 2026

Salzgitter Group maintains its position in the global ranking

Wednesday, June 10, 2026

U.S. weekly crude steel production rises 5.3% year on year

Wednesday, June 10, 2026

POSCO Holdings continues strong position in global steel market in 2025

Wednesday, June 10, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now