Trump Administration Slaps 10% and 12.5% Tariffs on 60 Partners as Court Void Forced New Route
Updated
Updated · Fox Business · Jul 27
Trump Administration Slaps 10% and 12.5% Tariffs on 60 Partners as Court Void Forced New Route
3 articles · Updated · Fox Business · Jul 27
Summary
Friday’s tariff reset will hit imports from 60 trading partners with new 10% and 12.5% duties as the administration lets its temporary global tariff expire at 12:01 a.m. ET.
Section 301 of the 1974 Trade Act provides the new legal basis after the Supreme Court in February struck down Trump’s earlier 10% to 50% reciprocal tariffs, forcing what he called a more cumbersome approach.
Canada, Mexico, India and the UK are set for 10% tariffs, while Taiwan and the European Union face 12.5% duties under the U.S. Trade Representative’s plan.
Trump defended the move on Fox & Friends, saying tariffs are bringing in hundreds of billions of dollars, helping autos and chips, and pushing companies to build in the United States.
The tariff push also fits a broader trade shift: Trump said he would rather pursue separate deals with Canada and Mexico than extend the USMCA.