New Tariffs Started Today: What Importers from China, South Korea and Vietnam Will Actually Pay
New Section 301 Tariffs Effective July 24, 2026: China, Korea, Taiwan and Vietnam Explained Beginning July 24, 2026, the United States imposed new Section 301 tariffs on imports from 60 economies in response to their forced-labor import policies. Depending on the country, covered merchandise is subject to a 10% or 12.5% tariff, with certain products exempted. However, the new tariff does not calculate the same way for every country. NEW TARIFFS EFFECTIVE JULY 24, 2026 China: +12.5% South Korea: 12.5% minimum combined rate Taiwan: 10% minimum combined rate Vietnam: +12.5% China: An Additional 12.5% For covered products from China, the new tariff is an additional 12.5% . This means it may stack on top of: The product’s regular customs duty Existing China Section 301 tariffs Antidumping or countervailing duties Other applicable trade-remedy duties For example: Duty type Rate Normal customs duty 5% Existing China Section 301 7.5% - 25% New Section 301 tariff 12.5% Total du...