U.S. sets tariffs at 10% to 12.5% on 60 countries to replace expiring tariffs

Trump tariffsU.S. sets tariffs at 10% to 12.5% on 60 countries to replace expiring tariffsThese new duties will take effect at 12:01 a.m. ET on Friday morning, just as the previous tariffs expire.Listen to this article with a free profile00:0000:00Containers at APM Terminals at the Port of Mobile in Mobile, Ala., on July 8.Micah Green / Bloomberg via Getty ImagesShareAdd NBC News to GoogleJuly 23, 2026, 5:16 PM EDTBy Steve KopackThe U.S. Trade Representative on Thursday announced a wave of tariffs on dozens of countries in order to replace President Donald Trump’s temporary 10% tariff, which expires at midnight eastern time.Subscribe to read this story ad-freeGet unlimited access to ad-free articles and exclusive content.Sixty different trading partners, including all of the country’s most important, will face tariffs of 10% to 12.5%, according to a fact sheet. Those new duties will take effect at 12:01 a.m. ET on Friday morning.The U.S. Trade Representative’s office has carried out months-long investigations into the trading practices of other countries in order to impose these tariffs. The wave of levies will be enacted under Section 301 of the Trade Act of 1974, a different statute than how most tariffs have previously been authorized.In February, the Supreme Court struck down most of Trump’s tariffs that were imposed under the International Emergency Economic Powers Act. The high court ruled that the Trump administration exceeded its authority.Under the statute, the administration says that it found that these 60 economics have failed “to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.”Key trading partners, such as the European Union, strongly rejected that accusation even before Thursday’s final determination was issued.“The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it’s well past time for our trading partners to do the same,” said Ambassador Jamieson Gr...