The temporary 10% global tariff expired on July 24 and was immediately replaced by new Section 301 duties covering the top 60 US trading partners at rates of 10% to 12.5%. Those countries account for roughly 99.4% of all US imports. The legal shift from emergency powers to Section 301 of the Trade Act of 1974 makes the tariffs far harder to overturn in court, signaling they could become a lasting feature of the investment landscape. Nations that adopted or committed to forced-labor import bans pay 10%, while the other 46 pay 12.5%. The market reaction has been muted because the new rates roughly match what was already in place, but structurally a 10% to 12.5% charge on nearly all imports is now a standing cost of doing business.
Nike IncNew Section 301 tariffs on 60 countries, including major sourcing hubs, raise import costs for Nike.
Nucor CorpTariffs on imported steel and other goods may protect domestic steelmakers like Nucor from foreign competition.
