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Saturday, 31 October 2026
Markets

US Imposes New Forced-Labour Tariffs on 60 Economies as Temporary Duties Expire

By Tim Clark4 min read

Washington, 24 July 2026 – The United States has introduced new tariffs of between 10% and 12.5% on imports from 60 major trading partners, including Malaysia, as the temporary 10% global tariff imposed earlier this year reaches its expiry.

The new duties took effect at the same time as the temporary tariff ended, preventing a return to the lower import rates that applied before the latest phase of United States trade restrictions.

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Author

  • Tim Clark

    Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.