The United States is rolling out a new round of tariffs as a 150-day global temporary tariff period nears its end this week. According to a report cited by PANews, the Office of the U.S. Trade Representative issued a notice on July 23 saying it would impose additional tariffs of 10% to 12.5% on dozens of countries and regions under Section 301 of the Trade Act of 1974. The measure takes effect on July 24, Eastern Time. The report, citing Xinhua via Jiemian News, said the new tariffs were justified on the grounds that the targeted jurisdictions had failed to stop what the notice described as “forced labor.” It also said the new duties would cover 99% of U.S. trade volume and would be stacked on top of tariffs that had already taken effect. Only some agricultural products, pharmaceuticals, aviation parts, and steel and aluminum are listed as exempt.
PANews reported on July 24, citing Jiemian News and Xinhua, that the Trump administration had introduced new tariff measures as a 150-day global temporary tariff period is set to expire this Friday.
The Office of the U.S. Trade Representative said in a July 23 notice that it would impose additional tariffs of 10% to 12.5% on dozens of countries and regions under Section 301 of the Trade Act of 1974. The notice said the move was based on a failure to prevent what it called “forced labor.” The tariffs took effect on July 24, Eastern Time.
According to the report, the tariffs will cover 99% of U.S. trade volume. The new duties will be charged on top of tariffs that had already taken effect. Exemptions apply only to some agricultural products, pharmaceuticals, aviation parts, and steel and aluminum.
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