Close Menu
  • Home
  • AI
  • Entertainment
  • Finance
  • Sports
  • Tech
  • USA
  • World
  • Latest News

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

What's Hot

Amazon follows New York state law to require sellers to label AI-generated people in images

July 24, 2026

Live updates: US attacks Iran for 13th straight night

July 24, 2026

Godzilla star was working on a superhero movie

July 24, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
BWE News – USA, World, Tech, AI, Finance, Sports & Entertainment Updates
  • Home
  • AI
  • Entertainment
  • Finance
  • Sports
  • Tech
  • USA
  • World
  • Latest News
BWE News – USA, World, Tech, AI, Finance, Sports & Entertainment Updates
Home » President Trump’s new global tariffs draw criticism from trading partners
Finance

President Trump’s new global tariffs draw criticism from trading partners

adminBy adminJuly 24, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email


U.S. President Donald Trump speaks at Wheeler High School in Marietta, Georgia, on July 22, 2026.

Saul Loeb | AFP | Getty Images

U.S. trading partners from Canberra to Brasilia reject the forced labor rationale behind President Donald Trump’s new global tariffs, but most have signaled they will continue to negotiate rather than retaliate.

The Office of the U.S. Trade Representative on Thursday took action under Section 301 of the Trade Act of 1974, imposing tariffs on 60 countries for the U.S. government’s failure to impose and enforce prohibitions on products made with forced labor.

The tariffs are 10% for countries that have adopted or committed to import bans and 12.5% ​​for countries that have not, and apply to the United States’ top 60 trading partners and 99.4% of U.S. imports.

The measure replaces the temporary 10% global tariff imposed under Section 122 of the Trade Act, which expires on July 24, and is a stopgap put in place after the Supreme Court ruled in February that President Trump’s emergency powers tariffs were illegal. The forced labor investigation would give the regime a more durable legal basis for the basic tariffs that were being challenged in the courts.

“These tariffs are unjust, violate free trade agreements and should be abolished,” Australian Trade Minister Don Farrell said in a statement. “Australia’s response to forced labor and modern slavery is one of the strongest in the world, and Australia’s leadership is recognized globally, including in the United States.”

The Brazilian government called the tariffs “arbitrary” and “unjustifiable.” President Luiz Inacio Lula da Silva said he remains open to negotiations, but that if Brazil cannot sell to the United States, it will seek other markets. The new tariffs are on top of the 25% Section 301 tariffs imposed on Brazilian goods this month and re-establish the 37.5% wall, close to the 50% that was struck as illegal last year.

The Chilean government said the measure was inconsistent with the country’s labor standards and with the technical, political and legal evidence submitted through investigations, according to a statement from the Undersecretary of Trade in Santiago. Noting that the U.S. resolution does not allege that Chile exports products made with forced labor, he said it would seek exemptions for major export products.

Canada, which is in the bottom 10% of countries with exemptions for USMCA-compliant products, had the most moderate attitude. Canada-U.S. Trade Minister Dominic LeBlanc said in a statement that the move was “not unexpected,” adding that Ottawa shares the U.S. government’s goals on forced labor and will “continue to engage constructively” in the coming weeks.

New Zealand’s Ministry of Foreign Affairs said in a market report that the trade minister had made it clear Mr Wellington disagreed with the findings and would continue to register his position with the US government. Existing exemptions covering around 30% of New Zealand’s exports to the US, including beef and kiwifruit, will remain unchanged.

The major partners have not announced any countermeasures regarding forced labor tariffs.

The Peterson Institute for International Economics wrote earlier this week that the investigation is “not an enforcement of labor standards but a mechanism for exporting the U.S. ban on imports of Chinese goods and an attempt to recreate the tariff system struck down by the Supreme Court.”

Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleAMD takes on Nvidia with Helios AI rack-scale system
Next Article Video of Cardi B’s Kids Culture, Waves, and Blossom speaking Spanish on vacation.
admin
  • Website

Related Posts

US expects generic drug prices to rise due to tariffs: Indian pharmaceutical company CEO

July 24, 2026

Japan’s core inflation rate gradually rose from four-year low in June due to soaring oil prices

July 24, 2026

How to avoid a credit card debt spiral

July 24, 2026

EU antitrust regulator approves Paramount-WBD merger

July 24, 2026
Leave A Reply Cancel Reply

Our Picks

Newly freed hostages face long road to recovery after two years in captivity

October 15, 2025

Former Kenyan Prime Minister Raila Odinga dies at 80

October 15, 2025

New NATO member offers to buy more US weapons to Ukraine as Western aid dwindles

October 15, 2025

Russia expands drone targeting on Ukraine’s rail network

October 15, 2025
Don't Miss
Entertainment

Godzilla star was working on a superhero movie

By adminJuly 24, 20260

Kaylee Hottle It was ready to grace the big screen again. Two days later, godzilla…

Video of Cardi B’s Kids Culture, Waves, and Blossom speaking Spanish on vacation.

July 24, 2026

Vanderpump Rules’ Tom Schwartz slams paparazzi photos as ‘unrecognizable’

July 24, 2026

Behind the scenes of Chadwick Boseman and Taylor Simone Ledward’s private love story

July 24, 2026
About Us
About Us

Welcome to BWE News – your trusted source for timely, reliable, and insightful news from around the globe.

At BWE News, we believe in keeping our readers informed with facts that matter. Our mission is to deliver clear, unbiased, and up-to-date news so you can stay ahead in an ever-changing world.

Our Picks

Live updates: US attacks Iran for 13th straight night

July 24, 2026

Is it hot in the city? Free movies help Italians ‘feel at home’ in Rome

July 23, 2026

Saudi-US nuclear deal raises concerns about Middle East arms race

July 23, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 bwenews. Designed by bwenews.

Type above and press Enter to search. Press Esc to cancel.