Tariffs Imposed by Trump Administration on 60 Countries – What You Need to Know

Friday, 24 July 2026, 14:13

Tariffs have been announced by the Trump administration, targeting 60 economies with rates ranging from 10% to 12.5%. This new tariff schedule under Section 301 of the Trade Act of 1974 affects a range of goods. The tariffs, which replace expiring Section 122 levies, are due to concerns over forced labor practices in these nations.

Cbsnews — Tariffs Imposed by Trump Administration on 60 Countries – What You Need to Know

Tariffs Imposed by Trump Administration

In a significant move, the Trump administration has imposed tariffs on 60 countries, affecting various goods. These tariffs range from 10% to 12.5% and are enacted under Section 301 of the Trade Act of 1974.

Details of the New Tariff Schedule

The tariffs replace the expired Section 122 levies that previously regulated trade with these nations.
Effective from 12:01 a.m. on Friday, these tariffs are aimed at goods from countries accused of failure to control forced labor.

Impact on Trade Relationships

This decisive action reflects the administration's ongoing attempt to reshape trade relationships and protect U.S. interests in the global marketplace.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.