Trump's New Tariffs Target 60 Nations Amid Labor Concerns

WHO:

CBS News - The Trump administration, including a senior administration official.

CNBC - President Donald Trump, U.S. Trade Representative Jamieson Greer.

WHAT:

CBS News - The Trump administration will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners.

CBS News - A lower 10% tariff will apply to 17 countries, including the United Kingdom, Canada, and Mexico.

CNBC - The new tariffs will cover 99.4% of U.S. trade.

CNBC - The new tariffs will replace temporary 10% global tariffs set to expire at the same time.

CBS News - The new tariffs will go into effect at 12:01 a.m. on Friday.

WHERE:

CBS News - The tariffs will affect goods from 60 U.S. trading partners, including Vietnam, China, and the European Union.

WHEN:

CBS News - The new tariffs will take effect starting Friday.

WHY:

CBS News - The tariffs are imposed over concerns regarding forced labor practices in the targeted countries.

CBS News - The Trump administration views forced labor as a problem due to human rights concerns and the unfair advantage it gives to countries that do not enforce bans on forced labor.

CNBC - The tariffs are part of a strategy to encourage trading partners to adopt and enforce import prohibitions similar to those in the U.S.

HOW:

CBS News - The tariffs will not stack on top of existing import taxes on steel and aluminum.

CBS News - Certain imports, such as oil and gas, and goods compliant with the U.S.-Mexico-Canada Agreement, will be exempt from the new tariffs.

(UPDATED July 23, 2026 22:21 UTC)

The Trump administration has announced that starting Friday, it will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners, including countries like Vietnam, China, and those in the European Union. A lower 10% tariff will apply to 17 countries, such as the United Kingdom, Canada, and Mexico, while the new tariffs will cover an impressive 99.4% of U.S. trade and replace temporary tariffs set to expire. These measures are aimed at addressing concerns over forced labor practices in the targeted countries and encouraging trading partners to adopt similar import prohibitions as those enforced in the U.S.