US Proposes New Tariffs on 60 Nations Over Labor

The Trump administration is targeting 60 nations that supply nearly all US imports with new tariffs, using forced labor enforcement failures as justification. This represents a broad expansion of trade restrictions affecting most major trading partners. USD could strengthen on protectionist sentiment while emerging market currencies face pressure. The wide scope affecting 60 nations suggests multiple currency pairs will see volatility as markets assess trade war escalation risks.