The US implemented new Section 301 tariffs of 10% to 12.5% on imports from 60 economies, affecting 99.4% of U.S. imports.

These duties replace the expiring temporary 10% global tariff and target major trading partners such as China, Mexico, Canada, the EU, India, and Vietnam. The tariffs are based on Section 301 investigations into forced labor practices and are designed to encourage global adherence to forced labor import bans. Operators should note that while products under USMCA and those already in transit before July 28 are exempt, the broad nature of these tariffs will increase import costs for most goods.