President Donald Trump imposed new import tariffs on products from dozens of major U.S. trading partners on Friday, July 24, 2026. In this photo, Trump spoke to a affable crowd at Wheeler High School near Marietta, Georgia, on July 22, 2026. (Photo by Ross Williams/Georgia Recorder)
WASHINGTON – President Donald Trump reinvigorated his tariff agenda on Friday, imposing new import tariffs on products from dozens of major U.S. trading partners, immediately replacing transient global tariffs he imposed after the U.S. Supreme Court dealt a major blow to his sweeping “Liberation Day” tariffs.
As of Friday morning, American importers will pay an additional 10% to 12.5% of the product’s value for most goods from nearly 60 countries, including Canada, the European Union, Japan, Mexico, South Korea, Taiwan and the United Kingdom, among dozens more. According to US trade authorities, the tariffs could affect 99.4% of imports.
The new round of import tariffs, first announced behind schedule Thursday afternoon, replaces a flat 10% tariff on global goods under Section 122 of the Trade Act 1974, which expired at midnight on Friday. These tariffs invited new ones legal challengesalso from democratically led states.
The latest tariffs were imposed after the Office of the U.S. Trade Representative allegedly found forced labor conditions under Section 301 of the Trade Act of 1974 in all economies examined.
U.S. Trade Ambassador Jamieson Greer said in a statement Thursday that Trump “recognizes that decades of moral suasion have not eliminated forced labor from global supply chains. The United States has had a forced labor import ban for nearly a century and rigorously enforces it; it is long past time for our trading partners to do the same.”
Supreme Court ruling
The Office of the U.S. Trade Representative announced two broad Investigations in March, less than a month after the Supreme Court struck down Trump’s unprecedented global tariffs under the International Emergency Economic Powers Act of 1977, commonly called IEEPA.
Shortly after the Supreme Court’s strike on its IEEPA tariffs, which it announced in early April 2025 on what it called “Liberation Day,” the government faced a challenging situation $166 billion in refunds to American importers who have already paid the tariffs.
The latest set of tariffs, taking effect Friday, is the second round of import tariffs announced by the Trump administration this week. The White House imposed 50% tariffs on most products Canadian imports Monday, triggering the tariffs under Section 338 of the Customs Act of 1930.
The Depression-era provision, which has never been enacted before, authorizes the president to impose tariffs of up to 50% of the value of goods in response to discrimination against U.S. trade.
The States Newsroom spoke to numerous people Small business owner since 2025 about the impact of tariffs on their ability to keep prices stable, hire employees, invest in new equipment and inventory, and generally maintain operations.
“Ridiculously blunt”
Critics criticized the government’s new set of sweeping tariffs on a huge portion of the country’s imports.
Scott Lincicome, vice president of general economics at the libertarian Cato Institute, wrote Thursday that the outcome of the Section 301 investigation was “clearly preordained” and “both ridiculously blunt and completely disproportionate to any measurable economic distortions.”
“And the whole thing sets a precedent for an ‘automatic tariff generator’ that Trump or a future president can use at will. It ridicules a real problem and could poison legitimate reforms. And Congress is unlikely to do anything about it,” Lincicome said wrote.
Some Republicans in the US House of Representatives rejected Trump’s tariff agenda in February, but there was no change in the law.
Senate Minority Leader Chuck Schumer said in a statement Thursday that the president had “bled the inflation-ravaged American people dry with his tariffs.”
“Now he’s coming back for more. Trump’s chaotic tariff taxes have made life harder and more expensive for the American people. Families are paying more for everyday essentials. Small business owners are struggling to keep operations afloat. Manufacturers are cutting jobs and farmers are being squeezed. Meanwhile, Trump and his billionaire family and friends are getting richer on the backs of working families,” Schumer, DN.Y., said.
The Yale Budget Lab Estimates Consumer prices could rise by up to 1% under the new tariffs, which would boost household costs by about $1,100.
If tariffs remained in place, the U.S. would generate about $2 trillion in revenue over the next decade, although the figure would likely be lower after taking into account the negative impact on the economy, according to the Yale Budget Lab.
