The Journal. · Monday, July 27, 2026
The new tariff regime includes two rates: 10% and 12.5%. The 10% tariffs apply to over a dozen partners, including Canada, Mexico, and the EU, who are reportedly working to reduce forced labor. Higher 12.5% tariffs target nations like China, Japan, and South Korea, which are deemed to have insufficient prohibitions against products made with forced labor.
“Under this new tariff regime, there are two rates. 10% and 12 and a half percent.”
“The 10% tariffs apply to more than a dozen trading partners that the US says are already working to reduce forced labor in supply chains. These include Canada, Mexico and the European Union.”
“The 12 and a half percent tariffs target more than 40 nations, including China, Japan and South Korea.”