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US to impose 10, 12.5% tariffs on 60 trading partners

financeJul 23, 2026411,780

The Trump administration announced it will impose new tariffs of 10 to 12.5 percent on about 60 trading partners, saying the duties target countries that have been lax enforcing bans on forced labor. The move comes as a temporary 10 percent global duty is set to expire on Friday and follows a Supreme Court decision that struck down the administration's earlier tariff scheme. Administration officials are framing the new duties as a legally different approach, invoking Section 301 to try to withstand legal challenges. Countries named in coverage as targets include the European Union and major partners such as the United Kingdom, Canada, Japan, and India. News outlets and officials say the duties are intended to reconstruct the broader tariff agenda the administration pursued previously. Some governments are already reported to be considering retaliatory measures if they cannot reach deals with Washington before the new tariffs take effect.

Justin Wolfers
@justinwolfers.bsky.social

Trump just announced the next phase of the trade war, with 10-12.5 percent tariffs on all of our major trading partners. I've got you covered with a deep dive into the law, economics, and politics of this latest episode of the Trump tariff saga: www.youtube.com/watch?v=896S...

24145d ago
Reuters Legal
@legal.reuters.com

The Trump administration will impose new tariffs on 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires.

11145d ago
The Wall Street Journal
@wsj.com

Breaking: The U.S. will impose tariffs ranging from 10% to 12.5% on its major trading partners in a new set of duties designed to withstand legal scrutiny. wsj.visitlink.me/dDswge

1545d ago
3 sources