Navigating Trade Tariffs: Our Tariff Tracker

Clyde & Co introduces a tariff tracker to provide updates on all trade restrictions around the world.

Following the US Supreme Court’s decision in February 2026 that the International Emergency Economic Powers Act (IEEPA) does not give the President authority to impose tariffs, Clyde & Co has paused its monthly updates to the Tariff Tracker. However, we continue to monitor the developments closely and will provide further ad-hoc tariff updates on the page below.

If you have any questions about how these changes may affect your business or supply chain, your usual Clyde & Co contact/s would be pleased to assist.

AUGUST 2026

Our last update in March 2026 (see below) summarised the US Supreme Court's decision that additional ad valorem tariffs imposed under the IEEPA exceeded presidential authority. As a result, the US announced those tariffs were terminated and would no longer be collected.

However, despite the Supreme Court’s decision, tariff measures have remained a prominent feature of US trade policy. Tariffs remain on a number of products imported into the US by its trading partners, including such goods as steel, aluminium, automobiles and pharmaceuticals. This means that companies trading with the US face a challenging business environment given the uncertainty surrounding the application of US tariffs on their businesses.

The August 2026 update on the tariff tracker provides an overview of the new ‘forced labour’ tariffs introduced by the US at the end of July 2026.

New ‘forced labour’ tariffs

• On 23 July 2026, the US announced a new programme of tariffs under Section 301 of the Trade Act of 1974, which imposes tariffs on 60 trading partners for their failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labour.
• The new programme follows investigations by the US Trade Representative into the alleged use of ‘forced labour’ to produce goods exported to the US. The US states that the tariffs have been imposed due to the failure of these countries to enforce bans on forced labour, which many of the countries targeted have denied.
• Several of the US’s trading partners, including the EU, UK, China, Australia and India, all now face new tariffs of 10 to 12.5% on good shipped to the US. The below list sets out the full range of trading partners subject to the new tariffs:
  • 10 per cent: Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, European Union, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Taiwan, Trinidad and Tobago, UK.
  • 12.5 per cent: Algeria, Angola, Australia, the Bahamas, Bahrain, Brazil, Chile, China, Colombia, Costa Rica, Dominican Republic, Egypt, Guyana, Hong Kong, China, Iraq, Israel, Japan, Kazakhstan, Kuwait, Libya, Morocco, New Zealand, Nicaragua, Nigeria, Norway, Oman, Peru, the Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Switzerland, Thailand, Türkiye, UAE, Uruguay, Venezuela, Vietnam.

When will the tariffs come into effect?

• The programme of forced labour tariffs took effect from 24 July 2026.

The March updates on the tariff tracker including updates in US tariffs, retaliatory tariffs and any after-effects, are set out below.

16 MARCH 2026

US tariffs

• All earlier IEEPA-based tariffs have been cancelled: On 20 February 2026, the US announced that all additional ad valorem tariffs imposed under earlier IEEPA based tariff actions are terminated. This follows a US Supreme Court ruling that those tariffs exceeded presidential authority. As a result, these tariffs are no longer in effect and will no longer be collected.
• De minimis duty-free treatment remains suspended: Despite the cancellation of the IEEPA tariffs, the US announced on 20 February 2026 that nationwide suspension of duty free de minimis treatment for all countries remains in force. This means that low value imports entering through the international postal network will continue to be subject to duties, regardless of the Supreme Court ruling.
• New temporary import tariff introduced: On 20 February 2026, the US announced that temporary import tariff of 10 percent ad valorem will be imposed on goods entering the US for up to 150 days. This is intended to address what the US describes as “fundamental international payments problems,”. Some goods are exempt due to economic necessity or other statutory tariff regimes.
• Temporary tariff increased to 15%: On 21 February 2026, the US announced that the 10 percent temporary tariff imposed on 20 February 2026 will be raised to 15 percent.

When will the tariffs come into effect?

• Termination of IEEPA tariffs: The additional IEEPA based duties cease immediately and will stop being collected “as soon as practicable”. 
• Continuation of suspension of de minimis treatment: The continuation of already active suspension that has been in effect since 30 July 2025 under Executive Order 14324.
• Temporary import tariffs: The 10 percent temporary import tariff took effect on 24 February 2026 and will apply for up to 150 days. However, the temporary tariff has been increased to 15 percent and likely took effect on 24 February 2026. 

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