Trump Administration Rolls Out New Tariffs on 60 Trading Partners — Evening Brief – 07.24.26
The Trump administration has imposed a new round of tariffs on imports from 60 trading partners, marking the latest escalation in its trade policy while relying on a different legal framework after the U.S. Supreme Court struck down its previous tariff program earlier this year.
The new measures, announced Friday, impose duties ranging from 10% to 12.5% on imports from countries including Canada, Mexico, Japan, the United Kingdom, India and members of the European Union. The tariffs replace the administration’s earlier “Liberation Day” tariff program, which was invalidated by the Supreme Court in February.
In a 6-3 ruling, the Court found that the administration exceeded its authority under the International Emergency Economic Powers Act of 1977 (IEEPA), concluding the law does not grant the president broad authority to impose global tariffs.
Following that decision, the administration temporarily relied on Section 122 of the Trade Act of 1974, which authorized a flat 10% tariff for up to 150 days to address what it described as a significant U.S. balance-of-payments deficit. With that authority nearing expiration, the White House has now shifted to Section 301 of the Trade Act of 1974, while exempting certain products, including energy, fertilizer and pharmaceuticals.
U.S. Trade Representative Jamieson Greer said the latest action is supported by findings that the affected trading partners failed to adequately prohibit or enforce restrictions on goods produced with forced labor.
“The United States has had a forced labor import ban for nearly a century, and rigorously enforces it,” Greer said, citing a USTR investigation that included an expedited public review process.
The administration also noted that additional Section 301 investigations into industrial overcapacity remain underway, while separate tariffs imposed under Sections 232 and 338 continue to apply.
A 10% tariff will also apply to imports from countries including Argentina, Bangladesh, Britain, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, and Trinidad and Tobago, among others.