12.5%

Donald Trump imposed new 12.5% tariffs on Australian exports, citing concerns over forced labour, but Australia's trade minister and Albanese government argue the tariffs are unjustified and inconsistent with their free trade agreement. Key Australian exports like beef and gold are reportedly exempt from the tariff regime.

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.