US Tariffs 2026: Complete Guide to Current Rates
The US tariff landscape has shifted dramatically since early 2025. After a series of escalations, a landmark Supreme Court ruling, and the pivot to new legal authorities, here's every tariff currently in effect — and what it means for trade.
Last updated: July 10, 2026
Effective Tariff Rate
📊14.8%
Weighted average, all imports
Tariff Revenue (2025)
💰$264B
Up 234% from 2024
Legal Authorities
⚖️4
Sec 122, 232, 301, proposed 301
Countries Affected
🌍All
10% minimum baseline
Every US Tariff Currently in Effect
US tariffs now operate under four main legal authorities. Many imports face overlapping duties — a Chinese steel product, for example, could face the 10% Section 122 baseline plus 25% Section 301 plus 50% Section 232 duties.
| Legal Authority | Rate | Scope | Status |
|---|---|---|---|
| Section 122 (Global Baseline) | 10% | Nearly all imports | Active — expires July 24, 2026 |
| Section 232 — Steel | 25–50% | Steel articles, all countries | Active |
| Section 232 — Aluminum | 25–50% | Aluminum articles, all countries | Active |
| Section 232 — Copper | 25% | Copper articles | Active |
| Section 232 — Autos | 25% | Imported vehicles & parts | Active |
| Section 301 — China Lists 1–3 | 25% | $250B in Chinese goods | Active |
| Section 301 — China List 4A | 7.5% | $120B in Chinese goods | Active |
| Section 301 — China (2024 additions) | 50–100% | EVs, batteries, solar, semiconductors, steel | Active |
| EU Ceiling | 15% | EU goods | Active since July 1, 2026 |
The Supreme Court Ruling That Changed Everything
On February 20, 2026, the Supreme Court ruled in Learning Resources, Inc. v. Trumpthat the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose tariffs. The decision struck down the "reciprocal tariffs" announced on Liberation Day (April 2, 2025), the fentanyl-related tariffs on China, Canada, and Mexico, and the additional 40% tariff on Brazil.
The ruling didn't end all tariffs — Section 232 (metals and autos) and Section 301 (China) tariffs were imposed under different legal authorities and remain fully intact. But it forced the administration to find new legal footing, leading to the current Section 122 framework.
For importers, the ruling also triggered a refund process. CBP began processing refunds of IEEPA duties through its CAPE system, with Phase 2 expanding eligibility in late June 2026.
Key Tariff Events: 2025–2026 Timeline
Understanding Section 122: The New Tariff Authority
Section 122 of the Trade Act of 1974 allows the president to impose tariffs of up to 15% for up to 150 days to address "large and serious" balance-of-payments deficits. It was originally designed as a short-term emergency measure — never before used for broad trade policy.
Section 122 at a Glance
- 📌 Maximum rate: 15% (current rate is 10%)
- 📌 Maximum duration: 150 days without Congressional action
- 📌 Current expiration: July 24, 2026
- 📌 Stacking: Does not stack on Section 232 metal content
- 📌 Legal challenge: A lower court found it unlawful; appeals court allowed collection to continue pending appeal
Who Actually Pays?
Tariffs are paid by the importing company at the border — not by the foreign government or manufacturer. Research on the 2018-2019 tariffs consistently found near-complete pass-through to consumer prices, meaning American buyers bear most of the cost.
According to the Tax Policy Center, the current tariff structure costs the average US household approximately $1,900–$2,000 per year. Lower-income households are hit harder as a share of income because they spend more on tariffed goods like clothing, electronics, and food.
That said, tariffs also generate significant federal revenue — an estimated $264 billion in 2025, up from $79 billion in 2024. Whether that revenue offsets the consumer costs depends on how it's used and whether tariffs achieve their stated policy goals (reshoring manufacturing, reducing trade deficits, protecting national security industries).
Explore Further
💸 Consumer Price Impact
How tariffs affect everyday goods — from groceries to electronics.
🇺🇸🇨🇳 US-China Trade War
The latest on the world's biggest trade conflict.
📊 Price Dashboard
Interactive data on tariff-driven price changes.