The Office of the United States Trade Representative issued a notice on the 23rd announcing the imposition of 10% to 12.5% tariffs on dozens of countries and regions in the name of so-called “forced labor” in accordance with section 301 of the 1974 Trade Act to replace global import tariffs that are about to expire. The new tariffs will take effect at 0:01 EST on July 24. A number of relevant countries and organizations issued statements on the new US tariff measures. New Zealand Prime Minister: “Extremely disappointed” with the US and New Zealand tariffs, the European Commission expressed a cautious welcome to the tariffs Australia: The US and New Zealand tariffs are “unreasonable” Singapore: Negotiations with the US will continue

The Office of the United States Trade Representative issued a notice on the 23rd announcing the imposition of 10% to 12.5% tariffs on dozens of countries and regions in the name of so-called “forced labor” in accordance with section 301 of the 1974 Trade Act to replace global import tariffs that are about to expire. The new tariffs will take effect at 0:01 EST on July 24. A number of relevant countries and organizations issued statements on the new US tariff measures. New Zealand Prime Minister: “Extremely disappointed” with the US and New Zealand tariffs, the European Commission expressed a cautious welcome to the tariffs Australia: The US and New Zealand tariffs are “unreasonable” Singapore: Negotiations with the US will continue