TLDR
- The Trump administration has replaced expiring 10% global tariffs with new duties of 10% to 12.5% on 60 trading partners
- The new tariffs are imposed under Section 301 of the Trade Act of 1974, citing forced labour concerns
- They cover 99.4% of US imports, with exemptions for oil, gas, steel, aluminum, and USMCA-compliant goods
- Countries including China, Australia, Vietnam, and EU members are affected; India dropped from 12.5% to 10%
- Further tariffs are expected later in 2026 as an investigation into excess structural capacity wraps up
The Trump administration has launched a new round of tariffs on goods from 60 countries, replacing a temporary 10% global tariff that expired early Friday morning. The new rates, set at either 10% or 12.5%, took effect at 12:01 a.m. ET on Friday.
🇺🇸 BREAKING: Trump hits 60 countries with new tariffs covering 99% of all U.S. imports.
Under the new tariffs:
– Duties of 10% to 12.5% take effect at 12:01 a.m. ET Friday as his temporary 10% global tariff expires.
– 38 countries face the full 12.5%, 17 face 10%, and 5 face… pic.twitter.com/wggGqiUTBW
— Coin Bureau (@coinbureau) July 24, 2026
The move covers 99.4% of all US imports. It was announced in a formal Federal Register notice late Thursday night.
The new tariffs are being imposed under Section 301 of the Trade Act of 1974. The White House says the legal basis is lax enforcement of forced labour bans by US trading partners.
US Trade Representative Jamieson Greer called it a human rights issue. “Today’s action will begin to correct what is both a human rights abuse and distortive trade practice,” he said.
Which Countries Are Affected
Countries including China, Vietnam, Australia, Canada, and members of the European Union are all subject to the new duties. China and 37 other countries received the higher 12.5% rate.
The EU, Japan, South Korea, Taiwan, and Switzerland were assigned rates that bring their total tariff burden to either 10% or 12.5% when combined with existing duties.
India saw its rate lowered from 12.5% to 10%. The White House said this was due to positive steps India had taken on forced labour issues.
Countries like Australia, Brazil, and Norway have already pushed back, calling the tariffs unjustified. EU foreign policy chief Kaja Kallas said the forced labour rationale “does not make sense” given Europe’s strong worker protections.
What Is Exempt
Several categories of goods are excluded from the new tariffs. These include oil and gas, fertiliser, aircraft and parts, critical minerals, and certain food items.
Goods already covered by national security tariffs — like steel, aluminum, autos, and copper — will not face additional duties. Products that comply with the United States-Mexico-Canada Agreement also remain largely tariff-free.
The formal notice runs to hundreds of pages of product exemptions. Around 471 products were added to an exclusion list compared to earlier drafts.
The new Section 301 tariffs are seen as legally stronger than the duties the Supreme Court struck down in February. Trade lawyers say Section 301 has survived past court challenges, making it harder to overturn.
A Yale Budget Lab analysis put the current US effective tariff rate at around 11.8%. The new duties are expected to push that up by one to two percentage points.
Trump administration officials have said they plan to push Chinese tariffs back up to 20%, the level agreed in a trade truce with China in November 2025. Additional tariffs tied to an excess structural capacity investigation — focused on China, the EU, and 16 other partners — are also expected later this year.
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