99% of U.S. imports may be repriced!On July 24, tariffs were restructured, and China’s export an
- Author:Maintenance network
- Source:Maintenance network
- Release Date:2026-07-21
The new round of tariff adjustments in the United States has entered a critical stage.As the 10% global temporary additional tariff implemented under Section 122 of the Trade Act of 1974 is about to expire, the US government is accelerating the implementation of new Section 301 tariff measures to avoid a "gap period" in tariff policy.For the global supply chain, cross-border trade and shipping market, July 24 may become an important node for the readjustment of the U.S. import cost system.
1Temporary tariffs enter deadline
On February 24, 2026, the U.S. government launched a temporary import surcharge in accordance with Article 122 of the Trade Act of 1974, imposing a uniform 10% tariff on most imported goods as a transitional measure after the previous emergency tariff policy adjustment.According to Section 122, this measure has a clear deadline and is currently scheduled to expire on July 24, 2026.In order to fill the policy vacancy after the expiration of Section 122, the Office of the United States Trade Representative (USTR) is advancing the Section 301 investigation into "forced labor supply chains."On June 2, 2026, USTR issued an announcement stating that it had completed the investigation and identification of relevant trade policies and practices of 60 economies and proposed response measures based on Section 301(b).The economies involved include China, Vietnam, Japan, South Korea, India, EU member states, Brazil and other major trading partners.USTR believes that these economies have failed to effectively prohibit forced labor goods from entering the trading system, creating competitive pressure on U.S. companies.Subsequently, USTR announced on July 2 that it would hold a public hearing from July 7 to 9 to solicit opinions on the proposed 301 response measures.This procedure is regarded as an important step before the new round of 301 tariffs is officially implemented.According to the current disclosure plan, the new 301 tariff may cover about 60 trading partners, and set a tax rate of about 10% or 12.5% according to different situations.Since these economies account for a high proportion of U.S. imports, the new measures, once implemented, may become an important tool to replace Section 122 global tariffs.
2 “Structural Overcapacity” Investigation
In addition to investigations related to forced labor, the Office of the United States Trade Representative has previously launched a Section 301 investigation into "structural overcapacity" in the global manufacturing industry.On March 11, 2026, USTR announced the launch of relevant investigations, focusing on major manufacturing economies including China.The investigation involves steel, shipbuilding, automobiles, new energy and other industrial fields, and the final tariff measures have not yet been announced.The industry believes that compared with the forced labor investigation, this topic covers a wider scope and may become an important policy tool for the United States to adjust its manufacturing supply chain in the future.
3 Impact on shipping supply chain
Adjustments to U.S. tariff policies will directly affect cross-border trade costs and may change the export arrangements of some companies.For Chinese and Asian export companies, if the coverage of Section 301 tariffs is expanded, the main impact may be reflected in three aspects: First, the pressure on export quotations will increase.The new tariffs will further push up procurement costs for U.S. importers, and companies may re-evaluate order prices and supply chain layouts.Second, trade flows may be adjusted.Some companies may reorganize their supply chains through Southeast Asia, Latin America and other regions, but the United States has previously strengthened its supervision of re-export trade and origin determination, and simple transfers of origin face higher compliance risks.The third is the change in the flow of goods in the maritime market.If some goods are exported or inventories are adjusted in advance, U.S. importers may increase their demand for staged stocking, which will have a short-term impact on cargo volumes on the Asia-North America route.
4Industry Observation
From IEEPA, Section 122 to Section 301, U.S. trade policy is shifting from a single large-scale tariff model to the superimposed use of multiple trade law tools.For shipping companies, freight forwarders and foreign trade companies, the focus in the future should not only be on tax rate changes, but also on the differentiated policies of the United States for different countries and different commodity categories.Enterprises should conduct HS code verification, origin compliance review and supply chain risk assessment in advance to avoid rapid cost increases due to adjustments to tariff rules.As the July 24 deadline approaches, the U.S. tariff system may usher in a new round of restructuring, and the global supply chain will also face a more complex trade environment.
1Temporary tariffs enter deadline
On February 24, 2026, the U.S. government launched a temporary import surcharge in accordance with Article 122 of the Trade Act of 1974, imposing a uniform 10% tariff on most imported goods as a transitional measure after the previous emergency tariff policy adjustment.According to Section 122, this measure has a clear deadline and is currently scheduled to expire on July 24, 2026.In order to fill the policy vacancy after the expiration of Section 122, the Office of the United States Trade Representative (USTR) is advancing the Section 301 investigation into "forced labor supply chains."On June 2, 2026, USTR issued an announcement stating that it had completed the investigation and identification of relevant trade policies and practices of 60 economies and proposed response measures based on Section 301(b).The economies involved include China, Vietnam, Japan, South Korea, India, EU member states, Brazil and other major trading partners.USTR believes that these economies have failed to effectively prohibit forced labor goods from entering the trading system, creating competitive pressure on U.S. companies.Subsequently, USTR announced on July 2 that it would hold a public hearing from July 7 to 9 to solicit opinions on the proposed 301 response measures.This procedure is regarded as an important step before the new round of 301 tariffs is officially implemented.According to the current disclosure plan, the new 301 tariff may cover about 60 trading partners, and set a tax rate of about 10% or 12.5% according to different situations.Since these economies account for a high proportion of U.S. imports, the new measures, once implemented, may become an important tool to replace Section 122 global tariffs.
2 “Structural Overcapacity” Investigation
In addition to investigations related to forced labor, the Office of the United States Trade Representative has previously launched a Section 301 investigation into "structural overcapacity" in the global manufacturing industry.On March 11, 2026, USTR announced the launch of relevant investigations, focusing on major manufacturing economies including China.The investigation involves steel, shipbuilding, automobiles, new energy and other industrial fields, and the final tariff measures have not yet been announced.The industry believes that compared with the forced labor investigation, this topic covers a wider scope and may become an important policy tool for the United States to adjust its manufacturing supply chain in the future.
3 Impact on shipping supply chain
Adjustments to U.S. tariff policies will directly affect cross-border trade costs and may change the export arrangements of some companies.For Chinese and Asian export companies, if the coverage of Section 301 tariffs is expanded, the main impact may be reflected in three aspects: First, the pressure on export quotations will increase.The new tariffs will further push up procurement costs for U.S. importers, and companies may re-evaluate order prices and supply chain layouts.Second, trade flows may be adjusted.Some companies may reorganize their supply chains through Southeast Asia, Latin America and other regions, but the United States has previously strengthened its supervision of re-export trade and origin determination, and simple transfers of origin face higher compliance risks.The third is the change in the flow of goods in the maritime market.If some goods are exported or inventories are adjusted in advance, U.S. importers may increase their demand for staged stocking, which will have a short-term impact on cargo volumes on the Asia-North America route.
4Industry Observation
From IEEPA, Section 122 to Section 301, U.S. trade policy is shifting from a single large-scale tariff model to the superimposed use of multiple trade law tools.For shipping companies, freight forwarders and foreign trade companies, the focus in the future should not only be on tax rate changes, but also on the differentiated policies of the United States for different countries and different commodity categories.Enterprises should conduct HS code verification, origin compliance review and supply chain risk assessment in advance to avoid rapid cost increases due to adjustments to tariff rules.As the July 24 deadline approaches, the U.S. tariff system may usher in a new round of restructuring, and the global supply chain will also face a more complex trade environment.