US implements new global tariff regime citing forced labor concerns
The US government has imposed a new wave of tariffs on dozens of countries, replacing temporary duties invalidated by the Supreme Court in February. The administration justifies the move through forced labor enforcement, though the broad scope suggests a significant shift in trade policy and potential for retaliatory measures.
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Brazil — 18 developments
US Implements Broad Tariff Regime; Global Responses Vary
The US has implemented a new tariff regime across 60 nations with variable 10-12.5% rates, replacing previous emergency duties and including an exemption list for over 2,000 items. While the EU confirms alignment with a 2025 trade framework, several nations, including Norway and Canada, are signaling restraint in retaliation, while Colombia defers its response. The new regime is projected to recover 60% of revenue lost from invalidated emergency duties, indicating a narrower scope.