12.5%

India has banned imports of goods produced using forced labor to avoid potential US tariffs. The US is proposing tariffs of up to 12.5% on countries, including India, over allegations of failing to prohibit such imports.

Brazil faces a 25% tariff proposed by Washington with a 15 July deadline, alongside a separate 12.5% levy on forced-labour import controls. Brazil offered to cut duties on 300 product lines if the tariff is dropped but will not compromise on its instant-payment system, Pix.