New U.S tariffs – the solutions are the same, get ahead of the stream

President Trump has imposed new global tariffs of between 10% and 12.5% ​​on more than 60 countries.

The new tariffs take effect on Friday, July 24, 2026.

This time, Section 301 of the 1974 Trade Act is used as the legal basis, with the official justification that the countries are failing to stop imports of goods produced through forced labor.

The tariffs affect trading partners that account for a total of 99.4% of US imports. The countries have been divided into two different tariff levels based on their handling of forced labor.

➡️ 10% tariff
Applies to countries that have introduced or committed to implementing import bans on forced labor. This includes the EU, Canada, Mexico, the UK and India.

➡️ 12.5% ​​tariff
Applies to countries deemed to have failed to implement sufficient bans. This includes China, Japan, South Korea, Australia and Brazil.

There are some exceptions and/or limitation for goods with previous special tariffs, the energy sector & some FTA/tariffs agreements.

As mentioned many times before. The only way to handle the current volatile tariff landscape is trade compliance using solutions for agility.

Traders need to become proactive. Not sit around and wait for the next polcy regulation change or tariff change.

Today there are AI powered insights and tariff intelligence solutions available in the market. In combination with making trade compliance a strategic assett and business driver, it is posisble to be ahead of the curve.

We help many customers to do trade compliance strategy work and upstream management savings millions, while sleeping better at night.

Read more about Trumps latest announcement in this article: https://lnkd.in/e3jheBVA

Source:TheGuardian