U.S. readies Section 301 'forced-labor' tariffs on 60 economies as Section 122 expires

Summary

With the 150-day, 10% global tariff under Section 122 set to lapse July 24, the U.S. is preparing Section 301 'forced-labor' tariffs on 60 trading partners at 10%-12.5%, per a USTR investigation opened March 12 and heard July 7. Importers are bracing for a seamless swap of legal bases that sustains elevated duties on nearly all U.S. imports.