Uncertainty Likely To Continue After New Section 301 Tariffs

The administration today announced tariffs on imports from more than 80 countries, citing the US prohibition on goods made with forced labor. Rates will generally range from 10 percent to 12.5 percent. The new Section 301 tariffs will essentially replace other tariffs set to expire today and put in place after the US Supreme Court invalidated tariffs issued under the International Emergency Economic Powers Act (IEEPA).