US Imposes 10% Tariff on EU Goods Following Forced Labor Investigation

The US has announced a flat 10% tariff on EU goods, effective Friday, following a Section 301 investigation into the bloc’s enforcement of bans on products made with forced labor. The tariff structure applies a 10% rate to trading partners with forced labor bans, including the EU and UK, and 12.5% to others. This new regime is not stacked on top of existing duties and replaces a temporary measure implemented after the US Supreme Court struck down previous “reciprocal” tariffs in February. The…