Trump Introduces New Tariffs on 60 Nations Over Labor Concerns

WHO:

Fast Company - Australian Trade Minister Don Farrell stated that the higher tariffs are “completely unjustified” and emphasized that Australia takes the issue of modern slavery seriously.

Fast Company - New Zealand Prime Minister Christopher Luxon described the tariffs as “extremely disappointing” and harmful to trade.

Fast Company - European Union foreign policy chief Kaja Kallas questioned the U.S. stance, stating, “If you compare our labor laws to the ones of the United States, I mean we have, people have paid vacations, we have very good conditions, labor conditions for our employees, so it’s not really grounded.”

AP - Australian Trade Minister Don Farrell criticized the tariffs as “completely unjustified.”

AP - New Zealand Prime Minister Christopher Luxon expressed that the tariffs were “extremely disappointing” and harmful to trade.

CNN - President Trump announced new tariffs.

ABC News - U.S. Trade Representative Jamieson Greer provided details on the tariffs.

WHAT:

CNN - The new tariffs will be imposed on goods from 60 trading partners, including the European Union, China, and India, with rates ranging from 10% to 12.5%.

CNN - The tariffs will take effect at 12:01 a.m. ET on Friday morning.

CNN - The tariffs are intended to combat the alleged use of forced labor in producing goods exported to the U.S.

AP - The new tariffs will raise the import duty on Australian goods to 12.5% from the previous 10% level.

AP - The tariffs on New Zealand goods will also be set at 12.5%.

CNN - The new tariffs will be imposed on goods from 60 trading partners, with rates ranging from 10% to 12.5%.

ABC News - The tariffs will ramp up an effort to reconstruct far-reaching duties struck down by the Supreme Court earlier this year.

NBC News - The tariffs are aimed at addressing accusations of "forced labor."

NY Post - An official stated that the tariffs "encourage stronger labor rights enforcement abroad."

CNN - The new tariffs will affect goods that account for 99.4% of U.S. imports.

CNN - The administration is exploring additional ways to raise border taxes, including a 50% tariff on certain Canadian goods set to take effect next month under a never-before-used provision of the Smoot-Hawley Trade Act.

CNN - The tariffs are being enacted under Section 301 of the Trade Act of 1974.

CNN - The new tariffs will affect U.S. purchases from 60 economies that the administration claims are importing goods produced with forced labor.

Fast Company - The new tariffs took effect just as stopgap levies Trump imposed after a stinging defeat at the Supreme Court expired at 12:01 a.m. Friday.

Fast Company - The combined duties on South Korean exports should not exceed 15%, according to South Korea's trade ministry.

Fast Company - Thailand is subject to a new 12.5% tariff under the forced labor provision, but the measure exempts around 2,120 items, representing more than half the value of Thai goods exported to the U.S.

CNN - The new tariffs will be imposed on goods from 60 trading partners, including the European Union, China, and India, with rates ranging from 10% to 12.5%.

ABC News - The tariffs will ramp up an effort to reconstruct far-reaching duties struck down by the Supreme Court earlier this year.

NBC News - The tariffs are aimed at addressing accusations of "forced labor."

NY Post - An official stated that the tariffs "encourage stronger labor rights enforcement abroad."

CNBC - Trump announced that generic drugs imported into the U.S. will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028 and rises to 200% a year later.

CNBC - Erez Israeli, CEO of Dr. Reddy's Laboratories, stated that the proposed tariffs on generic drugs will lead to price increases "in the magnitude of the tariff."

CNBC - Israeli mentioned that moving operations to the U.S. could take four to seven years, indicating that two years may not be sufficient for companies to adjust.

[12:01 a.m. ET] - ABC News - The tariffs are aimed at combatting "forced labor" violations.

[12:01 a.m. ET] - NBC News - The tariffs will ramp up an effort to reconstruct far-reaching duties struck down by the Supreme Court earlier this year.

[12:01 a.m. ET] - CNN - The new rates apply to imports from countries that supply nearly everything the United States buys from abroad.

[12:01 a.m. ET] - CNN - A variety of imports, including oil and gas, as well as products that can’t be sourced domestically, were granted exemptions.

[12:01 a.m. ET] - CNN - The timing of the rollout was intended to “avoid complexity” that would come from layering the new levies on top of the existing 10% duties.

[12:01 a.m. ET] - CNN - Certain countries qualified for a lower 10% rate instead of the 12.5% rate after taking steps aimed at combating alleged forced labor.

[12:01 a.m. ET] - CNN - There are several other pending investigations that rely on the same trade law, Section 301 of the Trade Act of 1974, being used to enact the new rates.

[12:01 a.m. ET] - CNN - Section 301 tariffs are viewed by trade experts as a more legally durable option because they can remain in place indefinitely.

[12:01 a.m. ET] - CNN - The administration is exploring additional ways to raise border taxes, including a 50% tariff on certain Canadian goods set to take effect next month under a never-before-used provision of the Smoot-Hawley Trade Act.

[12:01 a.m. ET] - NBC News - New tariffs of 10% to 12.5% will be imposed on goods from 60 trading partners, including the European Union, China, and India.

[12:01 a.m. ET] - ABC News - The tariffs are set to replace a 10% global tariff that is expiring.

[12:01 a.m. ET] - CNN - The new tariffs will affect goods that account for 99.4% of U.S. imports.

CNBC - Trump announced that generic drugs imported into the U.S. will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028 and rises to 200% a year later.

CNBC - Erez Israeli, CEO of Dr. Reddy's Laboratories, stated that the proposed tariffs on generic drugs will lead to price increases "in the magnitude of the tariff."

CNBC - Israeli mentioned that moving operations to the U.S. could take four to seven years, indicating that two years may not be sufficient for companies to adjust.

CNN - The new tariffs will be imposed on goods from 60 trading partners, including the European Union, China, and India, with rates ranging from 10% to 12.5%.

ABC News - The tariffs are set to replace a 10% global tariff that is expiring.

NBC News - The tariffs will take effect at 12:01 a.m. ET on Friday morning.

NY Post - An official stated that the tariffs "encourage stronger labor rights enforcement abroad."

CNN - The new tariffs will replace a 10% near-blanket duty that Trump imposed earlier this year after losing a Supreme Court case.

CNN - The tariffs are intended to "avoid complexity" that would arise from layering new levies on top of existing duties.

CNN - Certain countries may qualify for a lower 10% tariff rate after taking steps to combat forced labor, but officials are skeptical about the affected countries eliminating the practice soon.

CNN - The new tariffs are part of a monthslong investigation by the US Trade Representative into the alleged use of forced labor.

CNN - Certain imports, including oil and gas, were granted exemptions from the new tariffs.

CNN - The administration is exploring additional ways to raise border taxes, including a 50% tariff on certain Canadian goods set to take effect next month under a provision of the Smoot-Hawley Trade Act.

CNN - New tariffs of 10% to 12.5% will be imposed on 60 trading partners.

NBC News - The tariffs are aimed at addressing accusations of "forced labor."

ABC News - The tariffs will replace a 10% global tariff that is set to expire.

CNN - The new tariffs will affect goods that account for 99.4% of U.S. imports.

NY Post - The tariffs are referred to as Section 301 levies.

WHERE:

CNN - The tariffs will apply to goods shipped to the United States from various countries, including those in Europe, China, and India.

WHEN:

CNN - The new tariffs will take effect at 12:01 a.m. on Friday.

ABC News - The tariffs will begin on the same day that a 10% global tariff is set to expire.

WHY:

AP - A U.S. investigation serving as the basis for the tariffs reportedly did not provide meaningful evidence to support allegations of forced labor.

AP - The U.S. investigation that served as the basis for the tariffs reportedly did not provide meaningful evidence to support allegations of forced labor.

Fast Company - The tariffs are part of Trump's broader campaign to reduce Americans’ reliance on imports.

CNBC - The move is aimed at onshoring the generic medicine industry to the U.S., where it makes up for more than 90% of prescriptions.

[12:01 a.m. ET] - CNN - The latest action follows a monthslong investigation by the US Trade Representative into the alleged use of forced labor to produce goods exported to the US and the failure by various countries to address the practice.

[12:01 a.m. ET] - ABC News - The tariffs aim to reconstruct duties that were struck down by the Supreme Court earlier in the year.

CNN - The tariffs are part of an effort to reconstruct duties that were struck down by the Supreme Court earlier in the year.

CNN - The tariffs are part of an effort to combat the alleged use of forced labor in producing goods exported to the U.S.

ABC News - The tariffs aim to reconstruct duties that were struck down by the Supreme Court earlier in the year.

HOW:

CNN - The U.S. Trade Representative’s office spent four months investigating the basis for the tariffs to meet legal requirements under Section 301 of the U.S. Trade Act of 1974.

AP - The U.S. Trade Representative’s office spent four months investigating the basis for the tariffs to meet legal requirements under Section 301 of the U.S. Trade Act of 1974.

CNN - The U.S. Trade Representative's office spent four months investigating the basis for the tariffs to meet legal requirements under Section 301 of the U.S. Trade Act of 1974.

Fast Company - The U.S. Trade Representative's office spent four months investigating the basis for the tariffs to meet legal requirements under Section 301 of the U.S. Trade Act of 1974.

[12:01 a.m. ET] - CNN - The administration is exploring additional ways to raise border taxes.

[12:01 a.m. ET] - CNN - Section 301 tariffs are viewed as a more legally durable option because they have survived previous court challenges.

CNN - Section 301 tariffs are viewed as a more legally durable option because they have survived previous court challenges.

CNN - The tariffs are being enacted under Section 301 of the Trade Act of 1974.

CNN - Certain countries may qualify for a lower 10% rate by taking steps to combat forced labor.

(UPDATED July 24, 2026 21:18 UTC)

Australia's Trade Minister Don Farrell has called the newly announced tariffs on goods from 60 trading partners, including the European Union, China, and India, “completely unjustified,” while New Zealand's Prime Minister Christopher Luxon expressed that they are “extremely disappointing” and detrimental to trade. The tariffs, which will range from 10% to 12.5% and take effect at 12:01 a.m. ET on Friday morning, are aimed at addressing concerns over forced labor in the production of exported goods to the U.S. However, a U.S. investigation that served as the basis for these tariffs reportedly failed to provide meaningful evidence supporting the allegations of forced labor.

(UPDATED July 24, 2026 19:22 UTC)

The U.S. has announced new tariffs that will raise the import duty on Australian and New Zealand goods to 12.5%, up from the previous 10%. Australian Trade Minister Don Farrell criticized the tariffs as “completely unjustified,” while New Zealand Prime Minister Christopher Luxon called them “extremely disappointing” and harmful to trade. This decision follows a four-month investigation by the U.S. Trade Representative’s office, which reportedly did not find meaningful evidence to support allegations of forced labor.

(UPDATED July 24, 2026 18:22 UTC)

The Biden administration is set to impose new tariffs on goods from 60 trading partners, with rates ranging from 10% to 12.5%, affecting items that account for a staggering 99.4% of U.S. imports. This move aims to address accusations of "forced labor" and is part of a broader effort to reconstruct duties that were struck down by the Supreme Court earlier this year. Additionally, the administration is exploring a 50% tariff on certain Canadian goods, which is scheduled to take effect next month under a rarely used provision of the Smoot-Hawley Trade Act.

(UPDATED July 24, 2026 17:23 UTC)

The U.S. has implemented new tariffs on purchases from 60 economies, targeting goods produced with forced labor, just as previous stopgap levies imposed by Trump expired. South Korea's exports will face combined duties not exceeding 15%, while Thailand will see a new 12.5% tariff, although around 2,120 items will be exempt from this measure. This move is part of Trump's broader strategy to reduce American reliance on imports, following a thorough four-month investigation by the U.S. Trade Representative's office to ensure compliance with legal requirements.

(UPDATED July 24, 2026 15:25 UTC)

The administration is set to impose new tariffs on goods from 60 trading partners, including the European Union, China, and India, with rates ranging from 10% to 12.5%. These tariffs are part of an effort to reconstruct duties that were struck down by the Supreme Court earlier this year and are aimed at addressing accusations of "forced labor," with officials stating they will encourage stronger labor rights enforcement abroad. Additionally, the administration is exploring further border tax increases, including a 50% tariff on certain Canadian goods that is scheduled to take effect next month under a never-before-used provision of the Smoot-Hawley Trade Act.

(UPDATED July 24, 2026 14:31 UTC)

President Trump announced that starting August 1, generic drugs imported into the U.S. will face zero tariffs for two years, after which a 100% levy will take effect in August 2028 and rise to 200% the following year. Erez Israeli, CEO of Dr. Reddy's Laboratories, warned that these proposed tariffs could lead to significant price increases, reflecting the magnitude of the tariffs themselves. He also noted that relocating operations to the U.S. could take four to seven years, suggesting that the two-year adjustment period may not be enough for companies to adapt.

(UPDATED July 24, 2026 13:24 UTC)

The Biden administration has announced new tariffs aimed at combatting forced labor violations, following a lengthy investigation by the US Trade Representative into the use of such practices in goods exported to the United States. These tariffs will increase duties previously struck down by the Supreme Court and will apply to a wide range of imports, although some countries can qualify for a lower rate by taking steps to address forced labor. Additionally, the administration is looking into further border tax increases, including a significant 50% tariff on certain Canadian goods set to take effect next month under a rarely used provision of the Smoot-Hawley Trade Act.

(UPDATED July 24, 2026 12:22 UTC)

New tariffs ranging from 10% to 12.5% will soon be imposed on goods from 60 trading partners, including the European Union, China, and India, replacing an expiring 10% global tariff. These new tariffs will impact goods that make up an impressive 99.4% of U.S. imports, and the administration is also considering a significant 50% tariff on certain Canadian goods, set to take effect next month under a rarely used provision of the Smoot-Hawley Trade Act. The goal of these tariffs is to reconstruct duties that were recently struck down by the Supreme Court, with Section 301 tariffs being viewed as a more legally durable option due to their history of surviving court challenges.

(UPDATED July 24, 2026 10:39 UTC)

Trump has announced that generic drugs imported into the U.S. will be free from tariffs for two years starting August 1, but a hefty 100% levy will kick in by August 2028, increasing to 200% the following year. Erez Israeli, CEO of Dr. Reddy's Laboratories, warned that these proposed tariffs could lead to price increases "in the magnitude of the tariff." He also noted that relocating operations to the U.S. could take four to seven years, suggesting that the two-year grace period may not be enough for companies to adapt.

(UPDATED July 24, 2026 05:50 UTC)

New tariffs will soon be imposed on goods from 60 trading partners, including the European Union, China, and India, with rates ranging from 10% to 12.5%, replacing an expiring 10% global tariff. These tariffs will take effect at 12:01 a.m. ET on Friday morning, and an official noted that they aim to encourage stronger labor rights enforcement abroad. Additionally, the administration is considering raising border taxes further, including a proposed 50% tariff on certain Canadian goods set to take effect next month under a rarely used provision of the Smoot-Hawley Trade Act.

(UPDATED July 24, 2026 01:24 UTC)

The administration is set to implement new tariffs that will replace a 10% duty imposed by Trump earlier this year, following a Supreme Court ruling. These tariffs aim to simplify the process by avoiding the complexity of layering new levies on existing duties, with certain countries potentially qualifying for a lower rate if they take steps to combat forced labor, although skepticism remains about their willingness to do so. Additionally, the administration is considering a significant 50% tariff on specific Canadian goods, which is scheduled to take effect next month under a rarely used provision of the Smoot-Hawley Trade Act.

(UPDATED July 24, 2026 00:16 UTC)

The U.S. administration has announced new tariffs as part of a months-long investigation into the alleged use of forced labor, with certain imports like oil and gas receiving exemptions. Additionally, they are looking into raising border taxes further, including a proposed 50% tariff on specific Canadian goods that is set to take effect next month under the Smoot-Hawley Trade Act. These Section 301 tariffs are considered a more legally durable option, having withstood previous court challenges.

(UPDATED July 23, 2026 23:16 UTC)

President Trump has announced new tariffs that will be imposed on sixty trading partners, with rates ranging from 10% to 12.5%. U.S. Trade Representative Jamieson Greer provided details, explaining that these tariffs are aimed at addressing accusations of forced labor in the production of goods. The new tariffs will replace a 10% global tariff that is set to expire and will impact goods that account for an impressive 99.4% of U.S. imports. These tariffs, referred to as Section 301 levies, will take effect at 12:01 a.m. on Friday, coinciding with the expiration of the previous tariff. Additionally, certain countries may qualify for a lower 10% rate if they take steps to combat forced labor.