politics
U.S. Trade Representative proposes tariffs on 60 economies over forced-labor imports
The U.S. Trade Representative opened a public comment period on proposed tariffs of up to 12.5 percent on imports from 60 economies, citing failure to block goods made with forced labor. The move follows a February Supreme Court ruling that ended an earlier tariff program under the International Emergency Economic Powers Act.
Jun 15, 4:43 AM·1m read1 source
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The U.S. Trade Representative announced on June 2 that it would use Section 301 of the Trade Act of 1974 to impose new tariffs on imports from 60 economies. The office said each of the 60 economies failed to enforce a forced-labor import prohibition, which it described as unreasonable or discriminatory and a burden on U.S. commerce.
The proposal sets an additional 10 percent tariff on imports from 14 economies that already operate full or partial forced-labor programs, including Argentina, Bangladesh, Canada, the European Union, Mexico, Taiwan and the United Kingdom. The remaining 45 economies, including Australia, China, India, Japan, New Zealand and South Korea, face a proposed 12.5 percent surcharge.
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