Close Menu
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
What's Hot

Live updates: US attacks Iran for 13th straight night

July 23, 2026

Fed interest rate decision: Soaring oil prices raise probability of interest rate hike

July 23, 2026

CXMT raises concerns about capital outflow ahead of blockbuster IPO

July 23, 2026
Facebook X (Twitter) Instagram
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Facebook X (Twitter) Instagram
  • Home
  • AI
  • Art & Style
  • Economy
  • Entertainment
  • International
  • Market
  • Opinion
  • Politics
  • Sports
  • Trump
  • US
  • World
Smart Breaking News on AI, Business, Politics & Global Trends | WhistleBuzz
Home » President Trump’s new global tariffs draw criticism from trading partners
Economy

President Trump’s new global tariffs draw criticism from trading partners

Editor-In-ChiefBy Editor-In-ChiefJuly 23, 2026No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
Follow Us
Google News Flipboard
Share
Facebook Twitter LinkedIn Pinterest Email


U.S. President Donald Trump speaks at Wheeler High School in Marietta, Georgia, on July 22, 2026.

Saul Loeb | AFP | Getty Images

U.S. trading partners from Canberra to Brasilia reject the forced labor rationale behind President Donald Trump’s new global tariffs, but most have signaled they will continue to negotiate rather than retaliate.

The Office of the U.S. Trade Representative on Thursday took action under Section 301 of the Trade Act of 1974, imposing tariffs on 60 countries for the U.S. government’s failure to impose and enforce prohibitions on products made with forced labor.

The tariffs are 10% for countries that have adopted or committed to import bans and 12.5% ​​for countries that have not, and apply to the United States’ top 60 trading partners and 99.4% of U.S. imports.

The measure replaces the temporary 10% global tariff imposed under Section 122 of the Trade Act, which expires on July 24, and is a stopgap put in place after the Supreme Court ruled in February that President Trump’s emergency powers tariffs were illegal. The forced labor investigation would give the regime a more durable legal basis for the basic tariffs that were being challenged in the courts.

“These tariffs are unjust, violate free trade agreements and should be abolished,” Australian Trade Minister Don Farrell said in a statement. “Australia’s response to forced labor and modern slavery is one of the strongest in the world, and Australia’s leadership is recognized globally, including in the United States.”

The Brazilian government called the tariffs “arbitrary” and “unjustifiable.” President Luiz Inacio Lula da Silva said he remains open to negotiations, but that if Brazil cannot sell to the United States, it will seek other markets. The new tariffs are on top of the 25% Section 301 tariffs imposed on Brazilian goods this month and re-establish the 37.5% wall, close to the 50% that was struck as illegal last year.

The Chilean government said the measure was inconsistent with the country’s labor standards and with the technical, political and legal evidence submitted through investigations, according to a statement from the Undersecretary of Trade in Santiago. Noting that the U.S. resolution does not allege that Chile exports products made with forced labor, he said it would seek exemptions for major export products.

Canada, which is in the bottom 10% of countries with exemptions for USMCA-compliant products, had the most moderate attitude. Canada-U.S. Trade Minister Dominic LeBlanc said in a statement that the move was “not unexpected,” adding that Ottawa shares the U.S. government’s goals on forced labor and will “continue to engage constructively” in the coming weeks.

New Zealand’s Ministry of Foreign Affairs said in a market report that the trade minister had made it clear Mr Wellington disagreed with the findings and would continue to register his position with the US government. Existing exemptions covering around 30% of New Zealand’s exports to the US, including beef and kiwifruit, will remain unchanged.

The major partners have not announced any countermeasures regarding forced labor tariffs.

The Peterson Institute for International Economics wrote earlier this week that the investigation is “not an enforcement of labor standards but a mechanism for exporting the U.S. ban on imports of Chinese goods and an attempt to recreate the tariff system struck down by the Supreme Court.”

Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor-In-Chief
  • Website

Related Posts

Kevin Warsh focused on three key phrases. What do Fed watchers make of it?

July 22, 2026

President Trump plans to impose high tariffs on generic drugs in 2028 to boost U.S. production

July 21, 2026

Import prices record unexpected rise as cost of goods from China reaches highest since 2008

July 17, 2026
Add A Comment

Comments are closed.

News

President Trump imposes new double-digit tariffs on dozens of countries | Donald Trump News

By Editor-In-ChiefJuly 23, 2026

As the current 10% tax expires, President Trump will impose new tariffs on 60 countries…

Ukraine’s Zelensky meets US far-right activist Laura Loomer Donald Trump News

July 23, 2026

US court grants release of pro-Palestinian scholar as legal battle continues | Donald Trump News

July 23, 2026
Top Trending

How AI guardrails are hindering the work of offensive cybersecurity researchers

By Editor-In-ChiefJuly 23, 2026

For months, the AI ​​giant has devised special, vetted programs and strict…

OpenAI makes ChatGPT Health available to all users in the US

By Editor-In-ChiefJuly 23, 2026

OpenAI today announced that ChatGPT Health, a feature that helps users with…

As generated media becomes crowded, Runway launches AI model router

By Editor-In-ChiefJuly 23, 2026

Runway no longer wants to be just an AI modeling company. We…

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Welcome to WhistleBuzz.com (“we,” “our,” or “us”). Your privacy is important to us. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website https://whistlebuzz.com/ (the “Site”). Please read this policy carefully to understand our views and practices regarding your personal data and how we will treat it.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • Advertise With Us
  • Contact US
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
  • About US
© 2026 whistlebuzz. Designed by whistlebuzz.

Type above and press Enter to search. Press Esc to cancel.