According to a press release from the USTR, tariff rates of 10 - 12% will be applied to 60 US trade partners, accounting for 99.4% of total imports into this country.

The Office of the United States Trade Representative (USTR) announced the execution of final actions under Section 301 of the Trade Act of 1974 by imposing tariffs on 60 economies serving as the largest trade partners with the US.

Specifically, the USTR issued decisions imposing a 10% tariff rate on Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Trinidad and Tobago, and the United Kingdom.

These economies were identified as having promulgated bans on importing goods produced using forced labor; having committed to promulgating and enforcing this ban through Reciprocal Trade Agreements; or having applied partial ban mechanisms bearing effects to prevent the import of certain goods produced using forced labor.

A tariff rate of 10% or 12.5%, after deducting most-favored-nation (MFN) rates, is applied to certain non-exempt products from the European Union (EU), Taiwan (China), Japan, South Korea, and Switzerland.

The 12.5% tariff rate under Section 301 is applied to all remaining economies subject to investigation, including Vietnam.

In addition, under instructions from the US President, the USTR also decided to apply tariff exemptions for raw materials and products that, if subjected to tariffs, could lead to shortages or supply disruptions across the entire economy; products that cannot be grown or produced in the US in sufficient quantities or at reasonable prices, nor supplied from alternative sources.

Certain products from Argentina, Bangladesh, Cambodia, Ecuador, El Salvador, the EU, Guatemala, Indonesia, Jordan, Malaysia, Switzerland, Taiwan (China), or the United Kingdom are also granted tariff exemptions to encourage these economies to fulfill commitments related to banning imports of goods produced using forced labor or effectively promulgating and enforcing such bans.

Previously, on March 12, the USTR initiated 60 investigations regarding the ban on importing goods produced using forced labor.

On April 28 and 29, the USTR along with the Section 301 Committee organized public hearings regarding these investigations. The USTR also conducted consultations with over 45 governments of economies subject to investigation.

On June 2, the USTR reached conclusions and proposed responsive measures. From July 7 to 9, the USTR also organized public hearings on the proposed responsive measures.

On July 22, 2026, the Government issued Decree 292/2026/ND-CP detailing a number of articles and measures to organize and guide the implementation of the Law on Foreign Trade Management, which regulates the ban on importing goods produced by forced labor practices.

Source: Vnbusiness