Jul 30 • General discussion
𝗙𝗼𝗿𝗰𝗲𝗱 𝗟𝗮𝗯𝗼𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟯𝟬𝟭 𝗧𝗮𝗿𝗶𝗳𝗳𝘀 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗝𝘂𝗹𝘆 𝟮𝟰, 𝟮𝟬𝟮𝟲
On July 23, 2026, the Office of the U.S. Trade Representative (USTR) announced a final Section 301 action, imposing tariffs on 60 economies for their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.
As a result, USTR is imposing additional tariffs on all products of the investigated economy, with certain exemptions as provided in Annexes I and II.
• 10%: Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Trinidad and Tobago, and the United Kingdom.
• 10% net of MFN rate: For non-exempted products from European Union and Taiwan, if MFN rate is less than 10%, the sum of the MFN rate and Section 301 tariff shall be 10%; if MFN rate is greater than or equal to 10%, the Section 301 tariff shall be 0%.
• 12.5% net of MFN rate: For non-exempted products from Japan, Korea, and Switzerland, if MFN rate is less than 12.5%, the sum of the MFN rate and Section 301 tariff shall be 12.5%; if MFN rate is greater than or equal to 12.5%, the Section 301 tariff shall be 0%.
• 12.5%: All other investigated economies.
𝗨𝗦𝗠𝗖𝗔 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁
Products of Canada and Mexico that qualify for duty-free treatment under the USMCA are exempt from the new forced labor Section 301 tariffs. In addition, certain USMCA-qualifying passenger vehicle and light truck parts remain eligible for the import adjustment offset, excluding automobile knock-down kits and parts compilations.
1
0 comments
𝗙𝗼𝗿𝗰𝗲𝗱 𝗟𝗮𝗯𝗼𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟯𝟬𝟭 𝗧𝗮𝗿𝗶𝗳𝗳𝘀 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗝𝘂𝗹𝘆 𝟮𝟰, 𝟮𝟬𝟮𝟲
powered by
skool.com/supply-chain-heros-2287
A community for supply chain professionals to stay on tops of Tariff News, Supply Chain and Logistics Trends and grow their careers.
Suggested communities
Powered by