US tariffs hit 60 trading partners as trade war enters a new phase
Crypto Briefing 2026-07-24 11:10:49
Context: The United States activated new tariffs on 60 trading partners on July 24, significantly escalating the trade war. These tariffs cover a vast majority of imports, with rates increasing to 10-12.5% under Section 301. This move marks a new phase in the ongoing trade tensions.
Key Facts
- The new tariffs, effective July 24, were applied to 60 trading partners, covering 99.4% of imports, with tariff rates lifted to 10-12.5% under Section 301.
- The tariffs were implemented as part of the US trade policy, specifically under Section 301, which allows the US to take action against trading partners deemed to be engaging in unfair trade practices.