• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

2

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

2

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
North AmericaTariffs

Trump reimposes tariffs on 60 countries using forced-labor law

By
Paul Wiseman
Paul Wiseman
,
Mae Anderson
Mae Anderson
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Paul Wiseman
Paul Wiseman
,
Mae Anderson
Mae Anderson
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 24, 2026, 8:10 AM ET
t
President Donald Trump speaks with Canadian Prime Minister Mark Carney, right, at a working lunch with leaders of G7 and the Middle East in Evian-les-Bains, France, Tuesday, June 16, 2026. Evelyn Hockstein/Pool Photo via AP,File
Add Fortune on Google for similar content.

President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

Recommended Video

The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.

“The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it’s well past time for our trading partners to do the same,” said U.S. Trade Representative Jamieson Greer.

The new tariffs will take effect just as temporary 10% worldwide tariffs expire at 12:01 a.m. Friday. Trump had turned to those temporary levies after the Supreme Court struck down his biggest and boldest tariffs in February.

Now he’s tapping more durable tariffs under Section 301 of the Trade Act of 1974, which permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices. Trump used Section 301 to impose big tariffs on China in his first term, and they survived court challenges.

More Section 301 tariffs are likely coming: The U.S. Trade Representative’s office has launched a probe into whether 16 countries — accounting for 70% of U.S. imports — have overproduced goods, pushing down prices and putting U.S. companies at a disadvantage in global markets. The administration has yet to complete that investigation.

Trump, who argues that high tariffs will revive American manufacturing, last year overturned decades of U.S. policy that favored lower tariffs and ever-freer trade. Invoking the 1977 International Emergency Economic Powers Act, or IEEPA, he imposed double-digit tariffs on imports from almost every country on Earth, saying America’s longstanding trade deficit amounted to a national emergency.

But the Supreme Court ruled that IEEPA did not authorize tariffs. The decision forced the administration to pay refunds to importers that had paid the tariffs.

In response, Trump announced 10% worldwide tariffs under Section 122 of the Trade Act of 1974. But he can only use Section 122 levies for 150 days; time runs out on them Friday.

The administration initially proposed the forced labor tariffs last month. Since then, some countries have tightened forced labor enforcement and qualified for lower tariffs, said a senior administration official who spoke under condition of anonymity because they were not authorized to speak publicly on the matter. For example, the official said, the tariff on imports from India initially was set at 12.5% but now will be 10%.

Some products — including oil and gas and fertilizer — are exempted from the new tariffs announced Thursday. Also being spared are products that qualify for duty-free status under the US-Mexico-Canada Agreement, the North American trade pact Trump negotiated in his first term.

The tariffs drew immediate fire from critics.

“Today’s forced labor justification is too convenient to be taken seriously,” said U.S. Rep. Richard Neal of Massachusetts, the top Democrat on the House Ways and Means Committee. “Forced labor is a real and pervasive problem in our supply chains and demands serious enforcement. It should never be cheapened into a pretext for a tariff policy built on dubious legal theories and personal grievances.”

Brazil, which faces a 12.5% forced-labor tariff, called the U.S. move “arbitrary and unjustified” in a statement. It plans to trigger its reciprocity law — which could call for retaliatory tariffs on the United States — and take a complaint to the World Trade Organization. The United States, the Brazilian government said, “chose to manipulate an issue of great importance to human rights and the struggles of workers worldwide in order to accuse 59 countries and the European Union of unfair practices.”

Chile’s Undersecretary for International Economic Relations Paula Estévez said that the country has “solid labor institutions, a robust regulatory framework and a firm commitment to the prevention and eradication of forced labor.” Chile faces a 12.5% rate.

“The Government of Chile considers that the application of this measure to our country is inconsistent with these standards, as well as with the technical, political, and legal background presented throughout the investigation process,” she said.

Tariffs are paid by companies in the United States that import foreign products. The importers usually try to pass along the cost by charging consumers higher prices. Americans are already frustrated by the high cost of living. So the administration is taking a risk in rolling out new tariffs ahead of the Nov. 3 midterm elections.

Human rights watchers say that it’s reasonable to be skeptical of the motivation behind the tariffs. But they say the levies could make an impact on the problem of forced labor.

The tariffs are being imposed on countries that the U.S. found either failed to impose or failed to effectively enforce a ban on importing goods made with forced labor.

Forced labor is defined by the International Labor Organization Forced Labor Convention of 1930 as “all work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered himself (or herself) voluntarily.”

According to the latest statistics from the ILO, which is a U.N. agency focused on human and labor rights, about 27.6 million people were in forced labor worldwide on any given day in 2021.

“We’ve gone on record for years now advocating for import bans, not as a magic bullet, it’s not a silver bullet, but as a potentially effective tool in combating forced labor across the globe,” said Martina Vandenberg, founder and president of The Human Trafficking Legal Center.

“It’s possible to be extremely critical of tariffs, as we are, and to be very concerned about blanket tariffs used as bludgeons against countries,” she said. “And yet I think it’s undeniable that there is a significant response in terms of the adoption of import bans.”

However, Vandenberg and her organization urged in testimony that the tariffs be implemented in a phased approach to give countries time to implement a ban or a plan for enforcement.

“Our concern is that the import bans will be thin slips of paper with no enforcement,” she said. “Countries need time to build import ban mechanisms that are meaningful and enforceable.”

In a statement, Dominic LeBlanc, the Canada-U.S. Trade Minister, said the move “is not unexpected.”

LeBlanc said Canada shares the U.S.’s objective of ensuring that goods produced with forced labor don’t enter the supply chain.

“We will continue engaging constructively with the United States on this matter, as well as other outstanding issues, over the coming weeks to the mutual benefit of our citizens,” LeBlanc said.

Kenya Davis, partner at Boies Schiller Flexner, said the Uyghur Forced Labor Prevention Act, a U.S. federal law passed in 2021 that prohibits the importation of goods made wholly or in part in China’s Xinjiang region or by designated entities, is the most significant legislation related to forced labor that the U.S. has passed before the tariffs.

“The level of effectiveness is certainly up for debate, but it certainly has drawn attention to the issue of labor trafficking and forced labor,” she said. “And so, if nothing else, these import bans will serve that function of bringing greater awareness to forced labor.”

But without a “comprehensive approach” that provides transparency about what the investigations consisted of, and programs that provide countries aid in enforcing bans, “I’m very cautious in my enthusiasm about the (tariffs),” she said.

Isabelle Glimcher, senior research scientist for global labor at the NYU Stern Center for Human Rights, said one flaw in the tariffs is that they focus on levying the tax on countries based on goods they import — not goods they make domestically.

But she said the impending tariffs threat has spurred several countries — such as India — to amend their foreign trade policies to include a forced labor import ban. European Union forced labor regulations due to go into effect later next year are also contributing, she said.

“Not all of these things are necessarily or wholly attributable to the Section 301 investigations, but does seem like countries are responding and starting to take all of this seriously,” she said.

___

Anderson reported from New York. AP Writers Nayara Batschke in Santiago, Chile, Mauricio Savarese in Sao Paulo and Jim Morris in Vancouver, Canada, contributed to this story.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Paul Wiseman
See full bioRight Arrow Button Icon
By Mae Anderson
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in North America

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in North America

lebron
Arts & EntertainmentSports
LeBron James, the only billionaire currently active in the NBA, signs a minimum contract with the Philadelphia 76ers
By Catherina GioinoJuly 24, 2026
2 hours ago
This CEO once bought a bankrupt furniture company for $80,000. At 95, he’s now given away millions
Successphilanthropy
This CEO once bought a bankrupt furniture company for $80,000. At 95, he’s now given away millions
By Sydney LakeJuly 24, 2026
3 hours ago
Wildfires force 80,000 evacuations in France and Spain as EU sends reinforcements
EnvironmentEuropean Union
Wildfires force 80,000 evacuations in France and Spain as EU sends reinforcements
By Samuel Petrequin, Joseph Wilson, The Associated Press and Caroline BlumbergJuly 24, 2026
4 hours ago
White House officially asks permission to change name of Penn Station after hinting it will be called ‘Trump’
North AmericaInfrastructure
White House officially asks permission to change name of Penn Station after hinting it will be called ‘Trump’
By Philip Marcelo and The Associated PressJuly 24, 2026
6 hours ago
t
EnergyWhite House
Trump promises cheaper power from data centers. Analysts say bills could jump 40%
By Josh Boak, Matthew Daly and The Associated PressJuly 24, 2026
6 hours ago
sc
PoliticsSupreme Court
Elena Kagan denies that Supreme Court is Trump’s ‘puppet,’ claiming they’ve checked him ‘on some big issues’
By Gene Johnson and The Associated PressJuly 24, 2026
6 hours ago

Most Popular

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
1 day ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
11 hours ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
1 day ago
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
2 days ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
1 day ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.