Proposed Section 301 Tariff Percentages and Potential Cost
Updated: Jul 24
Update (July 24, 2026): USTR announced final tariffs related to the Section 301 investigations on July 23, 2026. The chart below is updated to reflect the final tariff rate imposed as of that July 23 announcement. Changes from the proposal to the final tariffs are noted in bold.
This week, the Office of the United States Trade Representative (USTR) released the findings of its investigation into 60 countries to “determine whether the acts, policies, and practices of various economies related to the failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor are actionable under Section 301 of the Trade Act of 1974.” The legal rationale for the tariffs could be tested in court but historically 301 tariff justifications have been upheld.
After determining that these countries had not done enough to ban the trade of goods produced with forced labor, the USTR proposed additional tariffs at a rate of 10% for countries that have taken some steps to prohibit the importation of forced labor goods and a rate of 12.5% for all others. The tariffs will potentially hit $3.4 trillion of imported goods and impose $375 billion in new costs annually.
According to U.S. Trade Representative Jamieson Greer, the U.S. will respect tariff caps that have previously been agreed to as a part of previous trade deals. In absence of trade deals, these tariffs will be applied on top of any other existing duties. Notably, trade agreements with the European Union and Japan limit U.S. tariffs on imports to a maximum of 15%. The USTR will hold hearings on these proposed tariffs on July 6. Meanwhile, the temporary 10% tariffs imposed under Section 122 are set to expire on July 24, 2026.
Below is a full list of all the impacted countries, tariff rates, current imports, and potential costs for U.S. companies and consumers.
Country | 2025 U.S. Goods Imports | 2024 U.S. Goods Imports | Tariff Percentage (Final, July 2026) | Potential Cost of Tariffs (July 2026) |
Algeria | $2.2 billion | $1.97 billion | 12.5% | $275 million |
Angola | $871.1 million | $1.87 billion | 12.5% | $108.9 million |
Argentina | $8.3 billion | $7.1 billion | 10% | $830 million |
Australia | $29.1 billion | $16.7 billion | 12.5% | $3.64 billion |
The Bahamas | $2.6 billion | $1.8 billion | 12.5% | $325 million |
Bahrain | $1.3 billion | $1.6 billion | 12.5% | $162.5 million |
Bangladesh | $9.5 billion | $8.4 billion | 10% | $950 million |
Brazil | $39.9 billion | $42.3 billion | 12.5% | $4.99 billion |
Cambodia | $15.3 billion | $12.6 billion | 10% | $1.53 billion |
Canada | $383 billion | $411.9 billion | 10% | $38.3 billion |
Chile | $19 billion | $16.5 billion | 12.5% | $2.38 billion |
China | $308.4 billion | $438.8 billion | 12.5% | $38.55 billion |
Colombia | $17.8 billion | $17.85 billion | 12.5% | $2.23 billion |
Costa Rica | $13.9 billion | $11.6 billion | 12.5% | $1.74 billion |
Dominican Republic | $7.6 billion | $7.54 billion | 12.5% | $950 million |
Ecuador | $9 billion | $8.5 billion | 10% | $900 million |
Egypt | $2.9 billion | $2.6 billion | 12.5% | $362.5 million |
El Salvador | $2.3 billion | $2.33 billion | 10% | $230 million |
European Union | $633.2 billion | $605.7 billion | 10% | $63.3 billion |
Guatemala | $5.2 billion | $5.04 billion | 10% | $520 million |
Guyana | $5.1 billion | $5.4 billion | 12.5% | $637.5 million |
Honduras | $5.5 billion | $5.53 billion | 10% | $550 million |
Hong Kong | $5.1 billion | $4.28 billion | 12.5% | $637.5 million |
India | $103.8 billion | $87.3 billion | 10% | $10.38 billion |
Indonesia | $34.7 billion | $28 billion | 10% | $3.47 billion |
Iraq | $6.3 billion | $7.6 billion | 12.5% | $787.5 million |
Israel | $20.6 billion | $22.3 billion | 12.5% | $2.58 billion |
Japan | $146 billion | $148.4 billion | 12.5% | $18.25 billion |
Jordan | $3.1 billion | $3.4 billion | 10% | $310 million |
Kazakhstan | $4.1 billion | $2.4 billion | 12.5% | $512.5 million |
Kuwait | $1.4 billion | $1.66 billion | 12.5% | $175 million |
Libya | $1.4 billion | $1.5 billion | 12.5% | $175 million |
Malaysia | $59.7 billion | $52.5 billion | 10% | $5.97 billion |
Mexico | $534.9 billion | $505.5 billion | 10% | $53.5 billion |
Morocco | $1.9 billion | $1.94 billion | 12.5% | $237.5 million |
New Zealand | $5.6 billion | $5.57 billion | 12.5% | $700 million |
Nicaragua | $5 billion | $4.66 billion | 12.5% | $625 million |
Nigeria | $5 billion | $4.25 billion | 12.5% | $625 million |
Norway | $6.6 billion | $6.57 billion | 12.5% | $825 million |
Oman | $1.1 billion | $1.3 billion | 12.5% | $137.5 million |
Pakistan | $5.4 billion | $5.1 billion | 10% | $540 million |
Peru | $10.7 billion | $9.3 billion | 12.5% | $1.34 billion |
Philippines | $17.8 billion | $14.2 billion | 12.5% | $2.23 billion |
Qatar | $2.1 billion | $1.87 billion | 12.5% | $262.5 million |
Russia | $3.8 billion | $3.01 billion | 12.5% | $475 million |
Saudi Arabia | $10.5 billion | $12.9 billion | 12.5% | $1.31 billion |
Singapore | $38.1 billion | $43.2 billion | 12.5% | $4.76 billion |
South Africa | $16.5 billion | $14.7 billion | 12.5% | $2.06 billion |
South Korea | $125.2 billion | $131.5 billion | 12.5% | $15.7 billion |
Sri Lanka | $3.1 billion | $3 billion | 10% | $310 million |
Switzerland | $106 billion | $63.3 billion | 12.5% | $13.25 billion |
Taiwan | $201.4 billion | $116.2 billion | 10% | $20.1 billion |
Thailand | $91.3 billion | $63.3 billion | 12.5% | $11.4 billion |
Trinidad and Tobago | $2.7 billion | $3.4 billion | 10% | $270 million |
Turkey | $16.4 billion | $16.7 billion | 12.5% | $2.1 billion |
United Arab Emirates | $7.6 billion | $7.4 billion | 12.5% | $950 million |
United Kingdom | $64.8 billion | $68.2 billion | 10% | $6.48 billion |
Uruguay | $1.6 billion | $1.25 billion | 12.5% | $200 million |
Venezuela | $3.7 billion | $6 billion | 12.5% | $462.5 million |
Vietnam | $193.8 billion | $136.5 billion | 12.5% | $24.23 billion |
Total | $3.391 trillion | $3.244 trillion | N/A | $371.74 billion |
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