Framing Analysis
The United States implemented new tariffs on imports from 60 trading partners including the EU and China on July 24, covering 99.4 percent of U.S. imports with exemptions for oil, gas, fertilizer, and certain foods. The measures were announced in a Federal Register notice and tied to allegations of failure to curb imports made by forced labor. A prior temporary 10 percent global tariff expired on the same date, following the Supreme Court's February ruling striking down earlier reciprocal duties.