The U.S. is proposing a new 10 per cent tariff for dozens of countries it says have forced labour in their supply chains.

Late Tuesday night, the Trump administration unveiled part of its Plan B: a tariff of 10 percent to 12.5 percent on 59 countries and the 27-member European Union.

The Trump administration is proposing a new wave of tariffs targeting goods from 60 countries, including US trading partners, that may be the results of forced labor practices. Yahoo Finance Washington Correspondent Ben Werschkul comes on Market Catalysts to discuss this new development and what the pushback against these tariffs may look like compared to past reiterations.

The Trump administration proposed imposing additional duties of 10 per cent or 12.5 per cent on imports from 60 economies after determining they failed to curb trade in goods made with forced labour.

Some U.S. trading partners reacted sharply to the announcement.