US vows to honor tariff caps in EU and Japan deals amid forced-labor tariffs

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Source: Yahoo Finance
US vows to honor tariff caps in EU and Japan deals amid forced-labor tariffs
Photo: Yahoo Finance
TL;DR Summary

The U.S. will respect tariff caps in its trade agreements with the European Union and Japan, citing the legal basis from new forced-labor tariffs under Section 301. USTR Jamieson Greer said “a deal is a deal,” while EU officials like Maros Sefcovic stressed that the Turnberry package envisions a 15% cap. Separately, the administration unveiled tariffs on 60 countries targeting forced-labor products, which could push overall duties beyond 15% depending on ongoing investigations at the OECD meeting in Paris.

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