US implements tariffs on 60 nations

The United States has imposed new tariffs ranging from 10% to 12.5% on 60 countries, including China, India, and the European Union, aimed at punishing nations that take actions related to forced labor. This move comes after the expiration of previous tariffs imposed by President Donald Trump, which had been partially overturned by the Supreme Court. The new tariffs are intended to strengthen compliance against forced labor in imported goods and are applied at the lowest rate to countries that have issued bans or committed to fighting forced labor, while higher tariffs apply to nations with more lenient policies. Many countries have expressed their dissatisfaction with these measures, considering them unjustified and incompatible with free trade agreements.

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