The United States has imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the EU and China, citing failures to curb imports linked to forced labor.

This move follows the expiration of a temporary global tariff and marks the White House's effort to revive Trump-era trade policies after a Supreme Court ruling invalidated previous measures.The tariffs, under Section 301 of the Trade Act of 1974, cover 99.4% of US imports but exclude oil, gas, fertilizers, and certain food items.Countries like China and Vietnam face higher rates due to allegations of forced labor practices, though many reject these claims.The EU welcomed the tariffs as aligned with trade agreements, while others criticized them as unjustified.Market reactions remained muted despite concerns over inflation, with investors focusing on Middle East conflicts.Exemptions exist for goods already in transit and specific sectors like diamonds and critical minerals.