Section 122 Tariff Surcharge Expires by Statute; Section 301 Forced-Labor Tariffs (10-12.5%) on 60 Economies Take Effect Same Minute

The Section 122 emergency tariff surcharge expired by operation of law at 12:01 a.m. EDT on July 24, 2026 — 150 days after its February 24 effective date, the statutory maximum without an Act of Congress, which did not occur. In its place, USTR's final action in its forced-labor Section 301 investigations took effect the same minute, imposing 10% or 12.5% ad valorem tariffs on goods from 60 trading-partner economies found to have inadequately enforced bans on forced-labor imports, including a 12.5% tier on Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Trinidad and Tobago, and the UK. Goods from Canada and Mexico entered duty-free under USMCA, and CAFTA-DR textile/apparel goods, are exempt, as are goods already in transit before July 24 if entered by July 28. The transition avoided the tariff-revenue coverage gap that trade counsel had flagged as a risk going into the cliff, since the Section 301 final rule was published and made operative in time.