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On July 23, 2026, the Trump administration announced new tariffs of up to 12.5% on 60 trading partners, effective July 24. This move is part of an ongoing effort to maintain import taxes as previous temporary tariffs expire, following a Section 301 investigation into forced labor practices. Certain goods will remain exempt to avoid economic disruption.
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On July 23, 2026, the Trump administration announced new tariffs of up to 12.5% on 60 trading partners, effective July 24. This move is part of an ongoing effort to maintain import taxes as previous temporary tariffs expire, following a Section 301 investigation into forced labor practices. Certain goods will remain exempt to avoid economic disruption.
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Trump rebuilds trade regime with new tariffs on global trading partners
Trump Administration Announces New Tariffs on 60 Trading Partners