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Yeshiva World News · Jul 23, 2026

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The Trump administration unveiled new tariffs of 10% to 12.5% on imports from roughly 60 major U.S. trading partners, replacing a temporary 10% global tariff that expires Friday. Countries with laws aimed at combating forced labor will face a 10% rate, while others will be charged 12.5%. The new tariffs are based on Section 301 of the Trade Act of 1974, which is considered more legally durable after the Supreme Court struck down the previous tariff framework. The duties take effect at 12:01 a.m. Friday.

The Trump administration unveiled new tariffs of 10% to 12.5% on imports from roughly 60 major U.S. trading partners, replacing a temporary 10% global tariff that expires Friday. Countries with laws aimed at combating forced labor will face a 10% rate, while others will be charged 12.5%. The new tariffs are based on Section 301 of the Trade Act of 1974, which is considered more legally durable after the Supreme Court struck down the previous tariff framework. The duties take effect at 12:01 a.m. Friday.

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