As expected, the United States (U.S.) government has implemented a new tariff on goods from 60 countries, effective July 24, 2026, at 12:01 a.m. The tariffs fall into two categories:
- A 10% tariff on select goods from countries that attempted to enact forced labor prohibitions, but whose enforcement of these prohibitions was determined by the U.S. Office of the Trade Representative (USTR) to be insufficient: Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, the U.K, and Trinidad and Tobago.
- A 12.5% tariff on those countries where USTR determined no meaningful prohibitions or enforcement had been enacted.
Canadian goods that are eligible for treatment under the Canada-United States-Mexico Agreement (CUSMA) are exempt from the 10% tariff. A full description of the tariffs and the goods/nations to which they apply can be found here: FLIP 301 Investigation Final Action FRN 7-23-26 FINAL.pdf