The full story of US New Tariffs 2026

US President Donald Trump imposed new tariffs on 60 economies under Section 301 of the Trade Act of 1974, effective July 24, 2026.

India received a 10% tariff, lower than the initially proposed 12.5%, due to recent policy changes on forced labour.

economies face a 10% tariff, including India, Canada, the UK, Mexico, and Bangladesh; the remaining 43 economies face a 12.5% levy.

The tariffs replace a temporary 10% blanket tariff and follow USTR investigations launched on March 12, 2026.

Goods already in transit before the deadline are exempt until July 28, 2026.

Trump administration preparing new tariffs on 60 countries over forced labour.

Baseline 10% global tariffs expire July 24.

India could face additional 12.5% tariff under proposed measures.

US Trade Representative Jamieson Greer announced the plan.

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in Manila.

The meeting occurred on the sidelines of ASEAN meetings.

They discussed India-US partnership including trade, energy, defence, and critical minerals.

President Trump is preparing new tariffs under Section 301 of the Trade Act of 1974, replacing tariffs struck down by the Supreme Court.

The temporary 10% tariff expires early Friday, ending five months of relative trade stability.

U.S. Trade Representative Jamieson Greer said new tariff action is expected soon.

Trump announced separate additional 50% tariffs on certain Canadian goods to pressure renegotiation of the USMCA.

The new Section 301 tariffs are based on investigations into forced labor in 60 economies.

US planning fresh tariffs on multiple countries as Trump's temporary 10% global levy expires Friday.

Supreme Court ruled against Trump's earlier emergency tariff strategy.

Fresh tariffs expected to target dozens of nations.

Trump's tariff policies face legal and procedural challenges.