New 301 Tariffs: Do U.S. shipments need to be shipped earlier?

After the U.S. Supreme Court ruled that the IEEPA tariffs were illegal on February 20, 2026, the Trump administration immediately introduced a “pre-meal snack”: a 10% Section 122 tariff. Although he quickly threatened to raise it to 15%, it was not actually implemented and remained at 10%. If the Section 122 tariff were increased to 15%, it would conflict with previously reached trade agreements, so its implementation was temporarily suspended.

Of course, 10% is far from enough, and since Section 122 tariffs can only be maintained for 150 days, extensions require approval from the U.S. Congress. The widely regarded temporary Section 122 tariffs are soon to be replaced by more long-term, higher-rate tariffs, such as Section 301.

We recommend accessing Caixin’s database for real-time macroeconomic data, stocks, bonds, corporate profiles, and financial information.