Tariffs/Trade
US official says new forced labour tariffs largely track the June proposal, adds countries that implemented forced labour prohibition get 10% tariff rate, those that have not get 12.5%
StockNow breaking-news AI analysis
The US is implementing a structured 10–12.5% Section 301 tariff system effective July 24, 2026, targeting forced labor. Key exemptions apply to Section 232 goods and essential energy commodities.
News detail
Says: New Section 301 tariffs start at 00:01EDT/05:01BST on July 24th. New tariffs are effective for goods in transit at 00:01EDT/05:01BST on July 28th. Section 122 tariffs will expire on July 24th as the new Section 301 tariffs take effect. Section 232 national security tariffs are exempt from the new forced labour duties.
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