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.