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CNBC

23 Jul 2026, 21:05 UTC · 2h ago

Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire

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What the story claims

4 claims · each scored for market impact

What matters in this story

1
The Trump administration will impose new tariffs of 10% to 12.5% on 60 trade partners, covering 99.4% of U.S. trade, effective Friday midnight. — A near-universal tariff on almost all U.S. imports significantly increases input costs for businesses and risks global trade retaliation.
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A separate Section 301 investigation into excess manufacturing capacity by 16 economies has not yet been finalized. — This indicates a second wave of potential tariffs is still pending, creating ongoing uncertainty for industrial sectors.
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3
These new Section 301 tariffs replace the temporary 10% global tariffs that were set to expire at the same time. — While it prevents a total tariff vacuum, the new duties are slightly higher (up to 12.5%) and institutionalize the trade barrier.
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