The US will collect duties of at least 10% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump's tariff wall that was pierced by the Supreme Court. The new levies, outlined Thursday by senior administration officials, follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers. Goods from some 10 trading partners deemed to have adopted forced-labor prohibitions will be subject to 10% tariffs, while products from dozens of others will face a 12.5% charge. The new duties take effect Friday at 12:01 a.m. New York time, and they replace a 10% global import tax that expires Friday, ensuring no gap between the two. Imports such as fuel, foods and fertilizers will be exempt, as well as products covered by separate industry-specific levies or the North American trade agreement with Mexico and Canada.
Apple Inc.Apple imports products from countries subject to new 10-12.5% tariffs, increasing costs.
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Nike IncNike imports from countries subject to new tariffs, raising costs.
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