The Trump administration will impose new tariffs on 60 countries just after midnight Friday, citing forced-labor violations in what officials are calling the most expansive international labor rights action ever taken by any nation.
The duties, ranging from 10% to 12.5%, will effectively replace President Donald Trump’s temporary 10% global tariffs that expire at the same time the new ones take effect, according to a notice published in the Federal Register.
The tariffs will cover 99.4% of U.S. trade, the Office of the U.S. Trade Representative said in a fact sheet released Thursday afternoon. The office told CNBC it could not estimate how much revenue the new tariffs will generate.
A senior Trump administration official described the move as unprecedented in scope during a call with reporters Thursday, noting that the new tariffs would not layer on top of existing duties on steel and aluminum imports that Trump imposed last year on national-security grounds.
Ramping Up Trade Enforcement
The announcement signals the Trump administration is intensifying its use of tariffs after the president’s protectionist policies faced significant legal challenges earlier this year. Trump has consistently promoted tariffs as essential for generating revenue and gaining negotiating leverage with foreign trade partners, despite criticism that they increase costs for U.S. importers and consumers.
The White House recently imposed 25% tariffs on most imports from Brazil, which took effect Wednesday, and announced 50% tariffs on a wide range of Canadian goods set to begin next month.
The upcoming tariffs stem from a proposal introduced in early June, after the administration determined that the targeted countries failed to effectively prohibit forced-labor practices in their trade with the United States.
Legal Framework and Timing
The new duties are being implemented under Section 301 of the Trade Act of 1974, one of the trade tools Trump has relied on since the Supreme Court struck down his global “liberation day” tariffs on Feb. 20.
Hours after that court defeat, Trump announced he would impose a worldwide 10% tariff under Section 122 of the 1974 trade law. That tariff included a 150-day expiration period set to lapse at 12:01 a.m. Friday.
In March, the Trump administration launched two separate Section 301 investigations: the forced-labor probe underlying Friday’s tariffs, and another examining concerns about excess manufacturing capacity by 16 economies. The capacity investigation has not yet been completed.
U.S. Trade Representative Jamieson Greer testified before the Senate Wednesday, stating the administration’s commitment to “continuing to use tariffs and to negotiate deals to support the reindustrialization of our economy, protect American workers, and increase their wages and shrink our trade deficit.”
Source: www.cnbc.com — https://www.cnbc.com/2026/07/23/trump-tariffs-trade-deadline.html
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Do your own research and consult a licensed professional before making financial decisions.
