This new tax rate replaces the global tax that is about to expire, issued by President Donald Trump in early 2026.
The new tax rate takes effect from July 24, ranging from 10% to 12.5% and affecting major economies such as China, India and the European Union (EU).
President Donald Trump's administration quickly rebuilt tariff measures after the US Supreme Court rejected a series of high tariffs in February.
President Trump has used various agencies to re-impose a 10% tariff on imports. But this tariff only lasts for 150 days, expiring on July 24.
The new tax rate ranges from 10% to 12.5%, which was proposed in June, and will now replace the old tax rate.
The new tax wave was proposed after a months-long investigation and is considered to be more resistant to legal challenges than previous moves.
According to the announcement on July 23, economies such as Canada, the EU and the United Kingdom will be subject to tariffs lower than 10%.
Other partners are subject to heavier tariffs, receiving tariffs 12.5% higher, a US official said. Commercial partners such as China and Japan are in this group.
Goods already subject to industry tariffs, such as steel and aluminum, will not be affected. Goods imported under the US-Mexico-Canada Free Trade Agreement will also be exempted, a US official noted.
Washington is also investigating 16 economies in particular related to surplus industrial production capacity. These investigations could lead to additional tariffs, with different tariffs.
The latest tax wave took place right after the 25% tariff that the US imposed on many Brazilian goods. After a 1-year investigation, Washington believes that this Latin American economy has unfair trade practices.
This week, President Trump also ordered a new 50% tariff on many Canadian goods due to Ottawa's "discrimination" against US liquor, cars and dairy products. The tariff on Canada will take effect in the next month.
