Nigeria and 59 other economies face a new 12.5% US tariff threat over alleged failure to ban forced labour goods, potentially raising duties to 27.5%.

The U.S. Trade Representative has included India as one of 54 nations that hasn't prohibited the trade of goods produced by forced labor. As a consequence, a new tariff scheme is…

USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.