US proposes 10-12.5% tariffs on 60 economies over forced labor concerns
US Trade Representative on Tuesday proposed new tariffs ranging from 10% to 12.5% targeting 60 economies for alleged failures to act against forced labor imports. The tariffs include specific exemptions like beef, coffee, certain fruits and nuts, plus textiles and apparel from Canada and Mexico complying with NAFTA.
54 economies "failed to impose and effectively enforce a forced labor import prohibition" according to US officials, including China, Vietnam, Taiwan, and the United Kingdom. Six others—Canada, Ecuador, EU, Indonesia, Mexico, and Pakistan—were deemed to have ineffective enforcement.
The move could affect Nigerian exports to the US, particularly textiles and agricultural products that might face increased costs. This follows Supreme Court rejection of Trump's previous tariffs in February, with US officials aiming for more lasting trade measures.
Public comments are invited by July 6, with hearings to follow. Nigerian businesses and exporters should monitor if Nigeria appears on the final list and assess potential impacts on their operations before the tariffs take effect.