The new measures apply to almost all US imports, but several key products remain exempt
The United States has announced new import tariffs on products from 60 trading partners, including the European Union, China, India, Japan and Canada.
The new duties, set at 10% and 12.5%, took effect on Friday after a temporary 10% global tariff expired.
The Trump administration said the levies are meant to pressure countries to do more to block goods made with forced labor from entering global supply chains. Many of the affected nations rejected the accusation, saying they already have measures in place to prevent such trade.
The latest duties replace the 10% global levy introduced in February after the Supreme Court blocked Trump’s “Liberation Day” tariffs.
The new measures apply to almost all US imports, but several key products remain exempt. Oil, natural gas, fertilizers, aircraft parts, critical minerals, some food items and products already covered by separate national security tariffs will not face the new duties.
The announcement drew mixed reactions worldwide. China called the move unfair and warned against trade wars, while Australia, Brazil and Norway also opposed the tariffs.
The European Union and Britain said the new rates largely align with existing trade agreements, limiting their immediate impact on businesses.
Economists say the tariffs could raise import costs and add to inflation, although financial markets showed only a modest reaction.
Investors remained more focused on the ongoing conflict in the Middle East than on the latest trade measures.