U.S. Tariffs on 60 Countries Proposed Over Forced Labor

U.S. tariffs on 60 countries would impose 10.0%-12.5% forced-labor duties and could prompt investors to reprice import-cost and supply-chain risk.

June 03, 2026·2 min read
View all news articles
Flat vector of a cargo ship entwined with a tariff band symbolizing U.S. tariffs on 60 countries and supply risk.

KEY TAKEAWAYS

  • USTR proposed across-the-board tariffs on imports from about 60 trading partners.
  • A two-tier schedule would impose 10.0% duties for banned economies and 12.5% for others.
  • The move would replace expiring global levies and elevate import-cost and supply-chain risk for multinationals.

HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX

Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.

Or subscribe with

The Office of the U.S. Trade Representative (USTR) proposed tariffs on imports from 60 countries on June 2–3, 2026, applying a two-tier duty linked to an investigation of goods allegedly made with forced labor. The plan would replace expiring global levies and increase trade risks for multinational companies.

Tariff Proposal and Coverage

The USTR proposal targets imports from about 60 trading partners, including the European Union, the United Kingdom, Canada, Australia, Mexico, and Taiwan. It sets a two-tier tariff schedule: a 10.0% duty for economies that have adopted full or partial prohibitions on forced-labor trade and a 12.5% duty for others. The tariffs would apply broadly across products from most major trading partners rather than focusing on specific sectors.

Legal and Timing Context

The proposal follows a Supreme Court ruling that invalidated the administration’s earlier “reciprocal tariffs” program. Officials present forced-labor authority as a new legal basis for raising duties. The tariffs require completion of USTR’s procedural steps and presidential approval before taking effect. The plan is timed to coincide with the expiration of an existing global tariff levy in late July, effectively rolling over tariff coverage under a new legal rationale.

The measure is an executive-branch trade action under existing authority and does not seek new congressional approval. The announcement has drawn attention from investors and political figures, including former Secretary of State Mike Pompeo, as companies and trading partners evaluate potential supply-chain disruptions and increased import costs.

HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX

Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.

Or subscribe with

Read other top news stories

GameStop Q1 Results: Profit Surge and Buyback

GameStop Q1 Results: Profit Surge and Buyback

GameStop Q1 results showed stronger revenue and record profit; board approved a $2.0 billion buyback to widen capital flexibility and may boost shares.

SpaceX IPO Seeks Ultra-Low Bank Fees

SpaceX IPO Seeks Ultra-Low Bank Fees

SpaceX IPO negotiations over unusually low underwriting fees compress syndicate economics and could shift institutional demand and deal timing.

CrowdStrike Earnings Preview Tests AI Demand

CrowdStrike Earnings Preview Tests AI Demand

CrowdStrike earnings due June 3 frame trader positioning as consensus revenue and EPS and AI cybersecurity demand shape near-term expectations.

Ulta Beauty Q1 Earnings Lift Profit Forecast

Ulta Beauty Q1 Earnings Lift Profit Forecast

Ulta Beauty Q1 earnings lifted fiscal-2026 EPS guidance and showed margin resilience, prompting repositioning in retail trades and flows.

Trump AI Executive Order Scales Back Oversight

Trump AI Executive Order Scales Back Oversight

Trump AI executive order sets a voluntary 30-day pre-release access regime and bars mandatory licensing, reshaping risk for cloud and chip firms.

Palo Alto Networks Earnings Show AI Security Tailwind

Palo Alto Networks Earnings Show AI Security Tailwind

Palo Alto Networks earnings showed stronger billings and an EPS beat tied to AI security and CyberArk integration, reinforcing cybersecurity positioning.