Trump imposes new trade law tariffs

In July 2026, President Donald Trump announced a new set of import tariffs based on existing U.S. trade law, replacing the emergency tariffs that the Supreme Court struck down in February. These new levies, covering nearly all U.S. imports, are designed to be permanent and are justified under Section 301, Section 232, and Section 338 of U.S. trade law. The tariffs include global Section 301 rates of 10% to 12.5%, a 25% tariff on Brazilian goods, an extra 50% on certain Canadian goods, and product-specific tariffs of 25% to 50% on steel, aluminum, automobiles, copper, timber, lumber, and pharmaceuticals. Additional tariffs are planned for wind turbines, medical equipment, robotics, machinery, and coal. The United States — Federal Reserve estimated that tariffs raised annual inflation from 2.3% to 3.2% in March, while the Yale Budget Lab found consumers bear half to all of the tariff costs. Twenty-five U.S. states have challenged the Section 301 tariffs at the United States — United States Court of International Trade, arguing they are an unconstitutional tax on consumers. The tariffs are expected to increase consumer prices and may face legal uncertainty.