Trump Rolls Out New Tariffs Covering 99% of US Imports

TLDR

• The Trump administration has replaced expiring 10% global tariffs with new duties of 10% to 12.5% on 60 trading partners
• The new tariffs are imposed under Section 301 of the Trade Act of 1974, citing forced labour concerns
• They cover 99.4% of US imports, with exemptions for oil, gas, steel, aluminum, and USMCA-compliant goods
• Countries including China, Australia, Vietnam, and EU members are affected; India dropped from 12.5% to 10%
• Further tariffs are expected later in 2026 as an investigation into excess structural capacity wraps up

The Trump administration has launched a new round of tariffs on goods from 60 countries, replacing a temporary 10% global tariff that expired early Friday morning. The new rates, set at either 10% or 12.5%, took effect at 12:01 a.m. ET on Friday.

🇺🇸 BREAKING: Trump hits 60 countries with new tariffs covering 99% of all U.S. imports.

Under the new tariffs:

– Duties of 10% to 12.5% take effect at 12:01 a.m. ET Friday as his temporary 10% global tariff expires.

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