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crude reroutes via SuezFed opens second Warsh meeting with markets split between hold and hikeAfrican Development Bank puts approaching 'super' El Niño cost at $10-20 billionSamsung and SK Hynix sign $950bn memory deals with US tech firmsIran and Oman report progress in talks on Strait of Hormuz trafficMissile and drone attacks kill civilians in Ukraine and Russian border regionsSyria's Sharaa seeks security agreement with Israel, welcomes US sanctions moveZelensky says Russia has asked North Korea for 30,000 more troopsChina promotes AI, robotics and new drugs as its next growth industriesSuspect in Berlin Pride van attack shot dead by policeIsraeli settlers burn West Bank mosques after deadly clash near NablusIran vows response after Ukrainian strike on ship in Caspian SeaUS, Japan and Philippines hold South China Sea drills as China respondsIran threatens to widen war if US resumes strikesRussian strikes halt Odessa port operations as damaged vessel sinksTrump pushes Saudi nuclear deal as critics warn of proliferationBig Tech earnings meet investor revolt over AI spendingRomania downs third Russian drone and summons Moscow's ambassadorBrazil recalls ambassador to Argentina after Milei attacks LulaChinese university investigates death of girl after gene-editing therapySeparatist alliance with al-Qaeda shifts power in northern MaliBank Indonesia governor Perry Warjiyo resigns unexpectedlyKhamenei links any US deal to end of Israeli attacks on LebanonIsraeli troops enter southern Syria a day after UN criticismChina adds Polish university to dual-use export blacklistTyphoon Noul makes landfall on China's southern coastNorth and South Korea compete over nuclear-powered submarinesYen at multidecade low lifts bets on early BOJ rate riseSudanese army takes Kordofan town near besieged Al ObeidDrone attacks halt Kazakh oil exportsBDI: German industry losing 15,000 jobs a monthJapan tracks joint Chinese-Russian naval patrolPower plant failure leaves 70 percent of Cuba darkMachado rejects US-backed talks with Rodríguez governmentUS food-stamp overhaul starts to reduce benefitsNetanyahu to urge Trump to keep watch on IranDebate continues over AI attack on Hugging FaceDeadly storm in Chile disrupts copper miningPentagon revises Iran war casualty figures
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US launches third tariff round under forced-labour rationale; lawsuits follow

4 sources

Washington imposed new duties of 10% to 12.5% on more than 60 economies at 12:01 a.m. on Friday, 24 July 2026, the moment its previous universal 10% tariff expired. The White House based the measures on Section 301 of the Trade Act of 1974 and on allegations that the targeted countries fail to enforce bans on goods made with forced labour. Trading partners from the EU to China, Brazil and Australia objected, and US small businesses filed suit the same day.

Brazil China United Kingdom United StatesEuropean UnionLiberty Justice CenterUS Court of International TradeUS Supreme Court

Trump's new global tariff regime takes effect and draws lawsuits

What happened

President Trump signed an executive order on Thursday, 23 July 2026, creating a new tariff framework that took effect at 12:01 a.m. on Friday. According to El País and Daily Sabah, the duties range from 10% to 12.5% and cover more than 60 economies; the New York Times describes new tariffs of around 10% on over 80 nations, and El País writes that in practice the regime affects 91 countries. The legal basis is Section 301 of the Trade Act of 1974, which permits tariffs against practices deemed unjustifiable, unreasonable or discriminatory, and the stated justification is that the targeted states do not adequately enforce bans on imports of goods made with forced labour. The order rests on 60 separate investigations and is accompanied by a 55-page annex of product- and sector-specific exemptions, special regimes and country-by-country treatment, and it repeatedly states that if a court strikes down one provision the rest remains in force. Per Daily Sabah, a 10% duty applies to Argentina, Bangladesh, Britain, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka and Trinidad and Tobago; the EU, Taiwan, Japan, South Korea and Switzerland were assigned rates that, combined with existing most-favoured-nation tariffs, total 10% or 12.5%; the remaining 38 countries, including China and Vietnam, face 12.5%. Goods already in transit are exempt until 12:01 a.m. EDT on 28 July. The previous universal 10% tariff expired at the same minute the new one began.

The camps

The administration presents the framework as enforcement of labour standards and, according to El País, designed above all to survive judicial review after two defeats. Trading partners reject the premise. EU foreign policy chief Kaja Kallas called the allegations about the bloc's forced-labour controls unfounded, told Reuters on the sidelines of ASEAN meetings in Manila that European labour law provides paid vacation and good working conditions, and said the bloc would seek clarification from Washington, had honoured its commitments under last year's transatlantic trade agreement and viewed the tariffs as a shock. Daily Sabah reports that China warned against trade wars, while Brazil and Australia called the duties unjustified. Vietnam, hit at 12.5%, issued a decree this week setting out more detailed rules banning imports of goods made with forced labour. In Britain, the Telegraph frames the outcome domestically: Britain will pay higher Trump tariffs than the EU. Inside the United States, small businesses have sued the administration over the new duties, represented by the Liberty Justice Center, the legal group that successfully challenged earlier tariffs.

The view from outside

Turkey's Daily Sabah, outside the directly targeted disputes, aggregates the reaction as dismay and anger and describes the measures as the White House's first step in rebuilding Trump's near-global tariff wall after the Supreme Court struck down the earlier duties. The same report states that the US investigation underlying the tariffs did not provide meaningful evidence to support the forced-labour allegations; this assessment comes from the agency report and is not independently confirmed in the other sources.

What's new

This is the third round of tariffs, and the change lies in the legal architecture rather than the headline rate. The Supreme Court ruled in February that the reciprocal duties of 10% to 50%, imposed last year under the International Emergency Economic Powers Act to shrink the trade deficit, were unlawful, and reminded the president that he cannot bypass Congress. The universal 10% tariff introduced in January to replace them was then struck down by the US Court of International Trade, which allowed it to stay in effect pending appeal, and it expired on Friday. The new order shifts to Section 301, adds severability language and detailed justifications, and grants broad discretion to carve out further exceptions for products that could cause economy-wide disruption or that cannot be produced domestically in sufficient quantity or at reasonable prices.

What could happen next

The litigation route reopens immediately: the small-business suit will test whether Section 301 and the 60 underlying investigations hold up better than the emergency-powers basis did, and the severability clauses mean partial rulings could leave much of the wall standing. Diplomatically, the EU has said it will seek clarification, which could lead to talks over the forced-labour findings, to further enforcement decrees of the kind Vietnam issued, or to countermeasures from partners that consider the duties unjustified. Domestically, the New York Times notes that households and businesses were already contending with an affordability crunch, so the pass-through of the new duties into prices, and the scope of the exemptions the order permits, will shape how much of the cost is absorbed at the border and how much reaches consumers.

How the camps see it

United States

United States

Says the targeted countries fail to enforce bans on goods made with forced labour and has built the order on Section 301 and 60 investigations to withstand court challenges.

European Union

European Union

Calls the forced-labour allegations unfounded given its labour standards, says it honoured last year's transatlantic trade agreement and will seek clarification from Washington.

China

China

Warned against trade wars after being placed in the 12.5% band.

Brazil and Australia

Brazil Australia

Call the new duties unjustified.

Also involved

Other tariffed economies

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