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US hits 60 trading partners with new tariffs
July 24, 2026
New US tariffs of 10% to 12.5% on goods from 60 trading partners took effect Friday, replacing a near-blanket duty the Supreme Court had ruled unlawful.
BBC reports the centerpiece: the US has imposed new tariffs on 60 trading partners, with the UK, China and the European Union among those facing duties of 10 percent to 12.5 percent on all goods, covering almost all American imports. CNN, NPR, Reuters and The New York Times corroborate the wave, and Reuters reports it under a forced labor rationale that is already drawing protests from trading partners. NPR reports the sharper edge of that rationale in a quote calling it Trump's next trade scheme, ordering USTR to reconstruct his illegal global tariffs under the guise of addressing forced labor, a line CNN corroborates.
The Canadian strand is where the accounts pull apart. NPR reports Trump signing proclamations imposing new 50 percent tariffs on some Canadian goods starting just under a month from now, and BBC reports the measure as retaliation for what Trump called unequal treatment of US products. CNN carries a different anchor for the moment: the timing coincides with the lapse of the 10 percent near-blanket duty the Supreme Court deemed unlawful. The difference matters because it changes what the tariffs are for, punishment of Canada or replacement of a struck-down regime.
The wave itself, its rates and its 60 targets are settled across five outlets. The purpose and legal footing of the Canada move is the part still in dispute.
Still developing
The rationale for the 50% Canadian tariff remains split between BBC's unequal-treatment account and CNN's reading that it fills the gap left by the court-struck blanket duty.