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U.S. Imposes 10%–12.5% Section 301 Tariffs on More Than 60 Trading Partners

The administration says the duties target failures to enforce bans on forced‑labor imports and establish a firmer legal basis for long‑term tariffs that could lift consumer prices and federal revenue.

Overview

  • The new tariffs took effect Friday, July 24, and levy 10% on 17 partners and 12.5% on the remaining roughly 43, covering about 99% of U.S. imports according to USTR.
  • The White House moved the duties to Section 301 of the Trade Act of 1974 after the Supreme Court struck down its earlier emergency tariffs, a shift the administration calls legally more durable.
  • USTR carved out many products from the duty list so that roughly 45% of India’s exports are exempt and textile quota mechanisms were proposed for Bangladesh, Cambodia, Indonesia and Malaysia.
  • Affected governments and blocs have publicly protested the findings and two groups of U.S. small businesses have sued in the Court of International Trade to block the measures.
  • Analysts warn higher import costs are likely to push prices up for consumers and businesses and independent estimates project large federal revenue gains if the tariffs remain in place, while officials say more Section 301 probes could follow.