Saturday, July 25, 2026

Trump imposes new tariffs on multiple trading partners

The Trump administration announced new tariffs of 10% to 12.5% on approximately 60 trading partners, including the European Union, United Kingdom, and China, citing concerns over forced labor practices. The levies, announced by U.S. Trade Representative Jamieson Greer, took effect Friday and were designed to replace expiring stopgap tariffs that had been imposed after the Supreme Court struck down earlier, more aggressive tariffs. Critics argue the forced labor justification is a legal pretext for broader trade protectionist goals.