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U.S. Implements New Tariff Regime Covering 60 Nations After Temporary Rate Expires

The Trump administration replaced its temporary 10% global tariff with a comprehensive Section 301 tariff framework affecting 60 economies accounting for 99% of U.S. imports, effective Friday at 12:01 a.m. The new duties range from 10% to 12% and target major trading partners including China, Mexico, Canada, the European Union, India and Vietnam. The action follows expiration of the 150-day temporary tariff. Trade Representative Jamieson Greer invoked investigations launched March 12 examining whether nations adequately enforce bans on forced labor imports. Greer determined in June that each economy's policies were unreasonable and burdened U.S. commerce. The administration imposed duties under the Trade Act of 1974 rather than emergency powers previously struck down by the Supreme Court. Mexico, Canada and India face 10% rates. The European Union and Taiwan receive combined tariff rates of 10%, while Japan, South Korea and Switzerland face 12% combined levels. China and 37 other economies in the remaining group of 38 nations generally face 12% duties. Hundreds of product exemptions apply.