The United States imposed new tariffs ranging from 10% to 12.5% on 60 countries under Section 301, citing alleged unfair trade practices related to imports of goods made from forced labor, effective at 12:01 a.m. ET July 24.

U.S. tariff policy is now focused on implementation, compliance and product-level cost impact.

Aluminum’s onshoring efforts face key challenges, while supply woes in Chile and Peru add pressure to global copper market.