USTR proposes Section 301 forced-labor tariffs on imports from around 60 economies, adding 10%–12.5% duties across major trading partners. The action cites Trade Act of 1974 authority and remains in consultation: public comments are due July 6, with hearings set for July 7. Executives should assess landed-cost exposure, tariff stacking, supplier risk across China, Canada/USMCA, EU, Mexico, Brazil and Vietnam, and trade-partner pushback. Watch final scope, implementation timing, USMCA renewal dynamics, and tariff-driven inflation/Fed-rate expectations. #TradePolicy #Tariffs #Section301 #SupplyChain #USMCA