Overview
- The administration imposed 10% or 12.5% Section 301 tariffs on roughly 60 trading partners, taking effect at 12:01 a.m. EDT on Friday, July 24, with goods already in transit exempted until July 28.
- The new duties largely replace the temporary 10% global tariff that expires and follow the Supreme Court ruling on Feb. 20, 2026 that struck down the administration’s earlier IEEPA-based tariff program.
- The tariffs cover about 99% of U.S. imports but carve out many items such as oil and gas, fertilizer, certain foods, and goods already subject to other U.S. national security or trade-agreement duties.
- A separate 25% tariff on a range of Brazilian goods announced July 22 has already been blamed for plunging exports, lower industry forecasts and potential layoffs in sectors such as footwear.
- The measures are prompting protests, legal challenges and further trade escalations, including recent high duties on some Canadian goods and ongoing U.S. probes of overproduction that could lead to more tariffs.