US proposes tariffs on Korea, other partners over forced labor concerns
The Trump administration has proposed imposing tariffs of 10 percent or more on products from several trading partners due to concerns over forced labor. Countries such as Canada, Mexico, and the UK may face additional tariffs, while China and others could see even higher rates. The proposed tariffs are subject to public comment and review before taking effect.
- ▪The U.S. Trade Representative reported that many countries failed to enforce a ban on imports made with forced labor.
- ▪A 12.5 percent additional tariff would be imposed on countries like China, Japan, and India.
- ▪The investigation found that 60 countries did not adequately prevent the importation of goods produced with forced labor.
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A person fishes near a container ship at the Port of Los Angeles in Wilmington, California, May 8, in this Getty Images photo. AFP-YonhapWASHINGTON — The Trump administration is proposing that tariffs of 10 percent or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor.The report released early Wednesday by the U.S. Trade Representative said Canada, Mexico, Taiwan and the United Kingdom and some other countries and territories would face 10 percent additional tariffs for allegedly failing to enforce a forced labor import ban.A 12.5 percent additional tariff would be imposed on China, Japan, India, Korea, Brazil and Switzerland and dozens of other countries.“The failure of our most important trading…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Korea Times.