Trump set to impose sweeping tariffs on 60 trade partners

The tariff closely resembles a proposal issued in June.

President Donald Trump's administration is set to impose sweeping tariffs on 60 trading partners, including the European Union, according to a notice from U.S. Trade Representative Jamieson Greer's office released on Thursday.

Greer said Thursday that the 10% to 12.5% tariffs were aimed at combatting "forced labor" violations.

The levies, which take effect on Friday, will ramp up an effort to reconstruct far-reaching duties struck down by the Supreme Court earlier this year. The tariff will begin on the same day that a 10% global tariff announced immediately after the high court's ruling is set to expire.

This is a developing story. Please check back for updates.