Following an investigation into forced labor practices, the Office of the United States Trade Representative (USTR) has proposed imposing tariffs of at least 10% on imports from most major trading partners. The 10% tariff rate would apply to imports from Canada, Mexico, the European Union and the United Kingdom. Goods from other major economies, including mainland China, India, Japan, South Korea, Brazil and Switzerland, would be subject to a higher tariff of 12.5%.
AASTOCKS Financial News