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US proposes tariffs up to 12.5% on imports from 60 countries over forced labor concerns

Market News
02 Jun 2026
CNBC
View Source
Bearish
pluang ai news

The U.S. Trade Representative has proposed tariffs of up to 12.5% on imports from 60 countries, including major economies like China, the EU, and Japan, due to their failure to ban goods made with forced labor. This move aims to level the playing field for American workers by penalizing countries that do not effectively prohibit forced labor-related imports. The tariffs would be 10% for countries with partial bans and 12.5% for others, alongside a separate mechanism allowing some textile imports at reduced rates. This action signals a stronger U.S. stance against forced labor in global trade and could impact many trading partners significantly.

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