- The U.S. is replacing an expiring 10% global tariff with new 10% and 12.5% duties on goods from 60 trading partners — covering about 99% of imports — to pressure countries over enforcement of forced‑labor bans.
- Major economies are affected (EU, China, Japan, Canada, Mexico, etc.), prompting immediate protests from several countries and raising the prospect of trade tensions and diplomatic pushback.
- Many items are exempt (oil, gas, fertilizer, certain foods, autos/steel under Section 232, USMCA goods) and the duties use Section 301 — seen as legally sturdier — though critics warn they could raise costs for businesses and consumers.
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