United States Implements Section 301 Tariffs on 60 Partners, Covering 99% of Imports

The United States replaced the temporary Section 122 surcharge with new Section 301 tariffs on imports from 60 trading partners, including the European Union, China, Vietnam and others. The new duties, generally 10% or 12.5% depending on the product, "top‑up" tariffs for the EU, Taiwan, Japan, South Korea and Switzerland to reach the same thresholds. The tariffs affect roughly 99.4% of U.S. imports, lowering the overall effective tariff rate to about 7.4% as the import mix shifts toward electronics and semiconductors that are largely exempt.

The measures are intended to pressure partners to improve controls on forced‑labor goods. While most goods face an additional duty, exemptions apply for certain Canadian, Mexican and other USMCA‑eligible products. The changes are expected to raise landed costs, affect pricing and margins across supply chains that rely on imported components.