Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire

US President Donald Trump speaks to reporters after landing in Air Force One on July 19, 2026 in Joint Base Andrews, Maryland. Andrew Harnik | Getty ImagesThe Trump administration will impose new tariffs just after midnight ET Friday on dozens of countries over alleged forced-labor violations.The duties, set between 10% and 12.5%, will effectively replace President Donald Trump's temporary 10% global tariffs, which are set to expire at the same time as the new ones take effect.The forthcoming tariffs will apply to 60 trade partners and will cover 99.4% of U.S. trade, the Office of the U.S. Trade Representative said in a fact sheet Thursday afternoon. The office separately told CNBC that it could not provide an estimate of how much revenue the new tariffs will generate.The move "is the most sweeping international labor rights action the United States has ever taken — that any country has ever taken," a senior Trump administration official told reporters in a call earlier Thursday.The official noted that the new tariffs would not "stack" on top of existing import taxes on steel and aluminum, known as "Section 232" duties, that Trump imposed last year on national-security grounds.Thur...