US eyes forced labor linked tariffs after nearly $22B refunds
After refunding nearly $22 billion in tariffs in May 2026 (thanks to a Supreme Court ruling), the US is gearing up for fresh tariff changes.
The current 10% global tariff rate expires in July, and a new proposal, tied to a forced labor investigation, could bump the average US tariff rate up to 11%.
Even with refunds, businesses are still dealing with import duties.
Average US tariffs may reach 11%
These new tariffs could hit a bunch of industries, raising the average US tariff rate by 0.6% point, to about 11%.
The government is also digging into unfair trade practices and overproduction issues.
Legal challenges are brewing too, as debates heat up over how these tariffs might affect manufacturing jobs and what we all pay at the store, with elections just around the corner.