Key facts
- New tariffs ranging from 10% to 41% will be imposed on dozens of countries.
- The tariffs replace temporary 10% levies expiring Friday.
- Measures target countries with trade deficits or inadequate forced labor ban enforcement.
- Tariffs are enacted under Section 301 of the Trade Act of 1974.
- Algeria, Iraq, and Syria face tariffs of 30% to 41%.
President Donald Trump is implementing new tariffs on dozens of countries as temporary levies expire Friday, marking a significant shift in U.S. trade policy. These measures, enacted under Section 301 of the Trade Act of 1974, target countries with substantial trade deficits or those accused of insufficient enforcement against forced labor. The new tariffs will range from 10% to 41%, replacing the 10% global tariffs that were put in place after the Supreme Court struck down previous measures in February. A 10% rate will apply to countries with which the U.S. has a trade surplus, while a 15% floor will be established for nations with a trade deficit. Approximately 40 countries will face this 15% rate, with over a dozen others subjected to higher tariffs, some exceeding 40%. These actions follow recent escalations in trade disputes, including 50% tariffs on certain Canadian goods. The U.S. Trade Representative stated that the new tariffs are aimed at countries that have not adequately prevented forced labor. Specific countries like Algeria, Iraq, and Syria are slated to face tariffs of 30% to 41%, respectively. The Trump administration believes that such a move will give the U.S. leverage in negotiations with trading partners.