Trump administration threatens tariffs of up to 12.5 per cent on imports from 60 economies over failure to ban goods made with forced labour.

The latest tariff proposal by Trump’s top trade envoy comes more than three months after the Supreme Court struck down the president’s “Liberation Day” tariffs.

The potential levies of either 10% or 12.5% would apply to 60 trading partners, although the proposal listed several product exemptions.