Donald Trump's 10% Global Tariff Expired on July 24. Its Section 301 Replacement Covers 60 Countries at Rates of 10% to 12.5%.

The Trump administration's temporary 10% global tariff expired July 24 and was replaced with Section 301 duties covering 60 trading partners at rates between 10% and 12.5%. The shift moves the tariff regime from emergency authority to Section 301 of the Trade Act, providing stronger legal grounding that makes the levies more durable and likely permanent.

The change affects companies across industries with foreign supply chains. Import-reliant firms face sustained margin compression as the higher-rate structure persists, while domestically focused producers gain a structural pricing advantage against foreign competitors. Unlike the prior blanket 10% rate, the new framework allows differentiation by country, with rates varying from 10% to 12.5% depending on the trading partner.

The Section 301 framework historically survives legal challenges more effectively than emergency tariffs, reducing the probability of near-term reversal. This permanence forces companies to make capital allocation decisions around a higher-cost import environment rather than waiting out temporary measures.