Importers will likely bear the cost of new tariffs imposed by President Trump. These tariffs are expected to generate significant revenue for the US Treasury. The president's move is intended to combat forced labor.

It follows other recent tariff announcements, including those on certain countries and products. Further information on the tariffs, including the countries and products affected, can be found through KGNS news sources. 5 percent and are part of a broader effort by the president.