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New Tariffs of Up to 12.5% on Imports Announced by Trump Administration

KVIA•Thursday, July 23, 2026 at 10:16 PM•CNN Newsource

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President Donald Trump has introduced new tariffs ranging from 10% to 12.5% on imports from numerous countries, effective Friday at 12:01 a.m. Miami time. This decision follows the Supreme Court's rejection of his previous tariffs and aims to address concerns over forced labor in foreign production. The new tariffs will affect 99.4% of U.S. imports from 60 trading partners, with exemptions for certain goods like oil and gas. While immediate price increases for consumers are unlikely, experts warn that this could change in the coming months as investigations into trade practices continue. The administration is also considering further border tax increases, including a significant 50% tariff on specific Canadian goods next month.

Key Details: • New tariffs effective Friday at 12:01 a.m. Miami time. • Tariffs range from 10% to 12.5% on imports from 60 countries. • Exemptions include oil, gas, and other essential products. • Potential for price changes in the coming weeks as investigations proceed. • A 50% tariff on certain Canadian goods to take effect next month.

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