Source: Bloomberg
Summary
The US is set to impose new tariffs on 60 global economies due to their failure to ban and enforce restrictions on imports made with forced labor. The administration is taking “final action” on this matter. The move is part of a broader effort to combat forced labor worldwide.
Our Reading
The trend returns with a new name.
Forced labor becomes a trade war talking point. Tariffs are the new morality play. Global supply chains are the stage. The US takes center stage with “final action.” The audience is familiar with this script.
The Biden administration’s move echoes past efforts to link trade policy to human rights. The audience waits for the next act: will other countries follow suit, or will this be a solo performance?
Author: Evan Null
