U.S. Navigates Trade Deals Amid Forced Labour Tariff Disputes
Greer said planned forced-labor tariffs on 60 trading partners give Washington a legal basis to keep tariff limits in existing trade deals.
- On Thursday, U.S. Trade Representative Jamieson Greer confirmed the United States will respect tariff caps in trade deals with the European Union and Japan, stating "we understand that a deal is a deal."
- Targeting 60 countries, the administration unveiled new tariffs on Tuesday after identifying failures to curb forced labor in supply chains, imposing a 10% levy on the European Union and 12.5% on Japan.
- Trade Commissioner Maros Sefcovic affirmed both sides agreed the "deal is the deal," while Greer acknowledged the U.S. can impose tariffs "up to a certain level" under existing agreements to address problematic trading practices.
- Section 301 investigations into "unfair" trade practices regarding "structural" excess capacity aim to replace "reciprocal" tariffs the Supreme Court struck down in February, adding complexity to ongoing trade relations.
- South Korea faces potential 12.5% levies for forced labor enforcement, complicating last year's agreement where Washington lowered "reciprocal" tariffs to 15% from 25% in exchange for South Korea committing to investing $350 billion in the United States.
18 Articles
18 Articles
US: Tariff increases are not included in caps
PARIS — The United States will respect the tariff caps in trade deals struck with the European Union, Japan and others and planned new U.S. tariffs over forced labor provide the legal basis to do so, U.S. Trade Representative Jamieson…
U.S. Navigates Trade Deals Amid Forced Labour Tariff Disputes
The United States will respect tariff caps in trade deals with the EU and Japan, but has introduced new tariffs over forced labour. U.S. Trade Representative Jamieson Greer stated that the agreements allow for certain tariff levels, and investigations into unfair trading practices are ongoing to reconcile these tariffs with existing deals.
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