US readies new tariffs as Trump’s 10% global levy to expire
The US is preparing new tariffs on 60 countries over forced labor concerns, intended to replace expiring global levies. These measures, which include significant duties on Canadian and Brazilian goods, are being used as leverage in ongoing trade negotiations.
Why it matters
The shift toward using tariffs as a primary tool for trade policy and human rights enforcement risks escalating global trade tensions and retaliation.
US President Donald Trump’s 10 per cent global tariff - imposed after the US Supreme Court struck down a swathe of his tariffs in February - is due to expire on July 24.
Listen Summarise The US plans new tariffs targeting 60 countries over forced labour concerns, replacing Trump’s expiring 10% global levy with rates between 10% and 12.5%. Washington has imposed fresh duties on Brazil and Canada, sparking tensions and prompting Canada to consider options and renewed talks. US-Mexico-Canada trade negotiations continue amid tariff threats, with legal experts viewing tariffs as leverage that risks escalation and retaliation. AI generated
WASHINGTON - The United States is set to impose new tariffs that could hit dozens of countries soon, trade envoy Jamieson Greer signalled on July 21, with President Donald Trump’s temporary global levies due to expire this week.
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