Chicago – July 24, 2026
President Donald Trump has imposed replacement tariffs on 60 of the United States’ biggest trading partners, including the European Union and China, as a temporary global duty expired. The new measures impose rates of 10% to 12.5% and cover 99.4% of U.S. imports, according to reporting from Reuters and NPR.
Trade move
Officials said the tariffs were justified by concerns over weak enforcement of bans on goods made with forced labor, and they replaced a stopgap 10% global tariff that had been in place after earlier legal setbacks. The policy is designed to keep tariff treatment in place while shifting to a legal basis the administration says is more durable.
Market reaction
The announcement drew swift criticism from trading partners, including Japan and Australia, while the European Commission gave a cautious response, noting that some EU exports were exempt from stacking duties. Goods already covered by sector-specific tariffs, including steel and aluminum, were largely excluded from the new rates.
Article-ready version
Trump on Friday imposed replacement tariffs on 60 of the United States’ biggest trading partners, including China and the European Union, as a temporary global duty expired, escalating his effort to reset U.S. trade policy. The new levies, ranging from 10% to 12.5%, cover 99.4% of U.S. imports and were justified by the administration as a response to alleged failures to curb goods made with forced labor. Trading partners reacted sharply, while some, including the EU, received limited exemptions. The move extends Trump’s aggressive tariff agenda after earlier legal setbacks and is likely to deepen global trade tensions.
