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Explore our latest reports and pieces

Between 21 and 24 July 2026 the trade-weighted average US tariff barely moves, from 11.0% to 11.2% of import value even though a near-uniform surcharge gives way to two country-specific regimes, and relative market access spreads out again.

The United States Trade Representative's final action in its 60 forced-labour Section 301 investigations took effect on 24 July 2026, imposing additional duties of 10% or 12.5% on all products of the investigated economies.

Three proclamations of 20 July 2026 rest on Section 338 of the Tariff Act of 1930 against Canada, the statute's first invocation since the 1940s. From 19 August, the duty covers $17.7bn of Canadian goods, most of it at the full 50% rate, and USMCA certification offers no relief. Canada's average US tariff rises by 1.89 points overnight, to 6.27%.









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