2026 US Tariff Guide: Every Rate You Need to Know
The complete guide to current US import tariff rates after the Supreme Court IEEPA ruling and implementation of Section 122 global surcharges.
🚨 Major Changes in 2026
- Feb 20: Supreme Court strikes down ALL IEEPA tariffs
- Feb 24: Section 122 global 10% surcharge takes effect (expires July 23)
- Feb 24: Section 232 rates on steel/aluminum doubled to 50%
- Ongoing: IEEPA refund process active for all previously paid duties
The New Tariff Framework
As of March 2026, US import tariffs operate under a completely new framework following the Supreme Court's elimination of IEEPA tariffs. Here's how to calculate your total rate:
🧮 Total Tariff Calculation
Base Rate: MFN/NTR tariff rate (varies by HTS code)
+ Section 122: 10% global surcharge (expires July 2026)
+ Section 232: Product-specific rates (if applicable)
+ Section 301: China-specific rates (if applicable)
+ Anti-Dumping/CVD: Country/product specific (if applicable)
- FTA Preferences: May reduce base rate (but Section 122 still applies)
Section 122 Global Surcharge
The most significant change is the universal 10% surcharge applied to ALL imports under Section 122 of the Trade Act of 1974:
| Detail | Value |
|---|---|
| Rate | 10% |
| Coverage | All imports from all countries |
| Effective Date | February 24, 2026 |
| Expiry Date | July 23, 2026 (150 days) |
| Statutory Maximum | 15% |
| Section 232 Interaction | Does NOT apply to Section 232 products |
Key Exception: Section 122 does NOT apply to products already subject to Section 232 tariffs. This prevents double-taxation on steel, aluminum, automobiles, and other Section 232 products.
Section 232 National Security Tariffs
Section 232 tariffs have been significantly expanded and increased in 2026:
🔩 Active Section 232 Rates
- Steel: 50% (increased from 25%)
- Aluminum: 50% (increased from 25%)
- Automobiles: 25%
- Auto Parts: 25%
Exemptions: Canada and Mexico (USMCA partners)
📅 Announced/Pending Rates
- Lumber: 15% (April 2026)
- Furniture: 20% (May 2026)
- Semiconductors: 30% (June 2026)
- Pharmaceuticals: 15% (July 2026)
- Copper: 25% (pending)
Section 301 Tariffs on China
Section 301 tariffs remain fully active and unchanged by the Supreme Court ruling:
| List | Rate | Trade Value | Product Examples |
|---|---|---|---|
| List 1 | 25% | $34B | Machinery, technology equipment |
| List 2 | 25% | $16B | Consumer electronics, plastics |
| List 3 | 25% | $200B | Apparel, furniture, food products |
| List 4A | 7.5% | $120B | Consumer goods, textiles |
Country-by-Country Breakdown
🇨🇳 China
Total Rate Calculation:
- Base MFN rate (varies by HTS code)
- + Section 122: 10%
- + Section 301: 7.5%-25% (depending on product list)
- + Section 232: Product-specific (if applicable)
Typical Total: 17.5% to 35% depending on product category
Improvement: Down from previous 145%+ IEEPA rates
🇲🇽 Mexico & 🇨🇦 Canada (USMCA)
Total Rate Calculation:
- FTA preferential rate (often 0%)
- + Section 122: 10% (applies even with FTA)
- Section 232: Exempted
Typical Total: 10% (Section 122 only)
Impact: Lost duty-free treatment due to Section 122
🇰🇷 South Korea (KORUS FTA)
Total Rate Calculation:
- FTA preferential rate (often 0%)
- + Section 122: 10%
- + Section 232: Product-specific (if applicable)
Typical Total: 10% + Section 232 (if applicable)
🇩🇪 Germany & Other EU Countries
Total Rate Calculation:
- Base MFN rate (varies by HTS code)
- + Section 122: 10%
- + Section 232: Product-specific (if applicable)
Typical Total: 10% + MFN rate + Section 232 (if applicable)
New Impact: 10% surcharge where none existed before
🇷🇺 Russia & 🇧🇾 Belarus
Total Rate Calculation:
- Base MFN rate (varies by HTS code)
- + Section 122: 10%
- + Sanctions-related restrictions (non-tariff)
Typical Total: 10% + MFN rate
Improvement: Down from 35% IEEPA rate
Practical Examples
📱 Chinese Smartphone (HTS 8517)
- Base MFN Rate: 0%
- Section 122: +10%
- Section 301 List 4A: +7.5%
- Total: 17.5%
Previously: 145% IEEPA (massive reduction!)
🚗 German Automobile (HTS 8703)
- Base MFN Rate: 2.5%
- Section 122: Not applicable
- Section 232: +25%
- Total: 27.5%
Previously: 2.5% (significant increase due to Section 232)
👕 Mexican T-Shirt (HTS 6109)
- USMCA Preferential: 0%
- Section 122: +10%
- Total: 10%
Previously: 0% duty-free (lost FTA benefit)
🔩 Chinese Steel (HTS 7208)
- Base MFN Rate: 0%
- Section 122: Not applicable
- Section 232: +50%
- Total: 50%
Previously: 145% IEEPA + 25% Section 232 (net reduction but still high)
What to Expect Next
📅 Key Dates to Watch
- April 1, 2026: Section 232 lumber tariffs (15%) take effect
- May 1, 2026: Section 232 furniture tariffs (20%) take effect
- June 1, 2026: Section 232 semiconductor tariffs (30%) take effect
- July 1, 2026: Section 232 pharmaceutical tariffs (15%) take effect
- July 23, 2026: Section 122 global surcharge expires (unless extended)
Strategic Recommendations
✅ Immediate Actions
- File IEEPA refund claims: Recover previously paid duties
- Recalculate landed costs: Update pricing with new rates
- Review Chinese sourcing: Major rate reductions may favor China
- Monitor Section 232 expansion: Prepare for new product coverage
⚠️ Medium-Term Planning
- Section 122 expiry planning: What happens after July 2026?
- Supply chain diversification: Consider non-FTA countries
- Congressional action: Watch for FTA restoration efforts
- Trade agreement updates: Potential USMCA amendments
💰 Don't Miss IEEPA Refunds
Every importer who paid IEEPA duties before February 20, 2026 is eligible for a full refund. This could represent significant recovered costs for your business.
Check Your Refund Eligibility