Tariff and Trade Investigation Tracker

The Trump administration has announced a variety of trade actions, including tariffs and other measures that could impact U.S. imports and exports. The table below tracks the status of major trade and tariff actions and proposals, including a full list of reciprocal tariffs.

Editor's note: Tariffs are a constantly developing story, and the final word on most tariffs is still somewhat up in the air; and in turn, some things within this article may have changed.

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Important trade actions investors should watch

While the Trump administration has put in motion a large number of trade actions, some are more imminent and impactful than others.

UU.S. imposes forced labor tariffs on 60 economies, replacing earlier IEEPA and Section 122 duties

The Supreme Court struck down the Trump administration's IEEPA-based reciprocal tariffs earlier in 2026, and the temporary 10% global surcharge imposed under Section 122 of the Trade Act of 1974 expired by statute on July 24, 2026. In their place, USTR finalized new Section 301 tariffs on 60 trading partners on July 23, 2026, following investigations into each economy's failure to adopt or enforce a ban on imports made with forced labor.

Economies that have committed to a forced labor import ban face a 10% tariff. All others that were under investigation, including China, face a 12.5% tariff. Certain products carry different treatment for the European Union, Taiwan, Japan, South Korea, and Switzerland, where the Section 301 rate is capped so it does not push the combined tariff (Section 301 plus existing most-favored-nation duty) above 10% or 12.5%, depending on the country. The tariffs cover roughly 99.4% of U.S. imports, with exemptions for select raw materials and goods already subject to Section 232 tariffs.

The map below shows tariff rates for all countries subject to the Section 301 forced labor tariffs.

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Section 301 investigation into industrial overcapacity remains open

USTR opened a separate Section 301 investigation on March 12, 2026 into structural excess capacity and overproduction in manufacturing across 16 economies: China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, South Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan, and India. The administration argues that overproduction in these economies displaces U.S. domestic manufacturing or discourages new U.S. investment. A public comment period opened March 17, 2026, and a hearing was held starting May 5, 2026. As of this writing, the investigation has not resulted in tariff action.

Canada tariffs

The U.S. imposed a 50% tariff on $20 billion worth of Canadian imports on Aug. 22, using Section 338 of the Tariff Act of 1930 for the first time in the legislation's history. The U.S. claims the tariffs are in response to discriminatory measures Canada has taken against U.S. products across industries, including automobiles, dairy, and alcohol. Negotiations failed over automobile tariffs, U.S. demands to limit trade agreements stuck by Canada with third countries, and the treatment of cultural and French-language items. The U.S. tariffs do not cover natural resources, such as oil and critical minerals.

Canada's retaliatory tariffs took effect Sept. 8, ranging from 15% to 50% on about $20 billion of U.S. goods, including electronics, appliances, and dairy products. The same day, President Trump signed orders under Section 338 banning imports of dairy products, alcohol, and motorcycles from Canada, set to take effect Sept. 29. He also adjusted the scope of existing tariffs, removing levies on cement, road salt, and some hospital products while adding 50% tariffs on some ATVs, boats, and cheeses, effective Sept. 15.

Separately, Trump said via social media that he would direct the GSA and USTR to remove Canadian firms from the Multiple Award Schedules unless Canada restores "full and fair reciprocity," although there is no timeline for that action.

President Trump previously said he would double tariffs on Canadian cars, trucks, and automobile parts from 25% to 50%, starting Jan. 1, 2027, also in response to Canada's retaliatory tariffs. The current 25% tariff on Canadian automobiles applies only to non-U.S. content.

China tariffs

The U.S. and China reached an agreement on Oct. 30, 2025 during President Trump's trip to South Korea, covering a range of trade issues. China agreed to halt the flow of fentanyl precursors into the U.S., suspend its rare-earth and critical mineral export controls announced Oct. 9, 2025, end retaliation against U.S. semiconductor companies, and resume purchases of U.S. soybeans and other agricultural products. China committed to buying at least 12 million metric tons of U.S. soybeans in the final two months of 2025 and at least 25 million tons annually in 2026, 2027, and 2028. In exchange, the U.S. lowered its fentanyl-related tariff on China by 10 percentage points effective Nov. 10, 2025, bringing the overall rate to 47%, and extended the suspension of heightened reciprocal tariffs. Both countries also suspended elevated port fees on each other's cargo ships. The suspensions on both sides, including China's rare-earth controls and a U.S. rule extending export restrictions to affiliates of blacklisted Chinese firms, run through Nov. 10, 2026.

President Trump made a state visit to Beijing May 13 to 15, 2026, the first by a sitting U.S. president since 2017. The two governments announced plans for a U.S.-China Board of Trade and a U.S.-China Board of Investment to manage bilateral commerce. China agreed to an initial purchase of 200 Boeing (BA -0.79%) aircraft, confirmed by both the White House and Boeing, along with at least $17 billion a year in U.S. agricultural purchases through 2028 and the restoration of market access for U.S. beef and poultry. Xi Jinping's visit to Washington is expected in September 2026.

Despite the truce, both countries have continued targeted actions. The Department of Defense expanded its list of Chinese military-linked companies on June 8, 2026, adding 17 new parent companies, including Alibaba (BABA -0.77%), Baidu (BIDU -1.57%), BYD, and NIO (NIO -3.24%), along with 48 new subsidiaries of already-listed firms. A ban on the Pentagon contracting directly with listed entities took effect June 30, 2026. A broader ban on procuring goods or services incorporating listed entities' components follows June 30, 2027. China's foreign ministry criticized the update but had not announced specific retaliatory measures as of mid-July 2026.

A separate license framework announced in December 2025 allows limited sales of Nvidia's (NVDA -2.27%) H200 chip to China, subject to a 25% tariff and a government revenue share, with licenses issued starting in mid-May 2026. A U.S. Commerce official testified in mid-July 2026 that shipments have resumed but remain a small quantity of chips, with the government reviewing applications on a case-by-case basis and denying some requests.

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New trade deals

The Trump administration has announced a series of trade agreements in the aftermath of the global tariffs imposed in April 2025. The Supreme Court's invalidation of the IEEPA tariffs and the expiration of the Section 122 surcharge have created some uncertainty around the status of those agreements.

The U.S.-U.K. trade deal

The United States and the United Kingdom announced on June 16, 2025 a trade agreement and framework for further negotiations. The U.S. will maintain a 10% tariff on most U.K. imports, lower tariffs on U.K. aircraft parts and engines to zero, and allow 100,000 U.K.-made automobiles a year to face a 10% tariff instead of 27.5%. The U.K. also secured an exemption from the 50% U.S. tariff on steel and aluminum, subject to further negotiation.

The U.S.-Vietnam trade deal

The United States and Vietnam announced a trade agreement on July 2, 2025 subjecting most Vietnamese products to a 20% tariff and products transshipped from China through Vietnam to a 40% tariff. Vietnam agreed to lower its own tariffs on U.S. agricultural and industrial products and to purchase 50 Boeing aircraft.

The U.S.-Indonesia trade deal

The United States and Indonesia confirmed the outlines of a trade agreement on July 16, 2025 applying a 19% tariff on Indonesian goods while U.S. exports to Indonesia remain tariff-free. Indonesia agreed to purchase $19 billion worth of U.S. goods, including 50 Boeing aircraft, $15 billion in energy, and more than $4 billion in agricultural products. The agreement was singed on Feb. 19, 2026.

The U.S.-Philippines trade deal

The United States and the Philippines announced a trade agreement on July 22, 2025 imposing a 19% tariff on Philippine goods, with no tariffs on U.S. exports to the Philippines.

The U.S.-Japan trade deal

The United States and Japan reached a trade agreement on July 22, 2025 setting a 15% tariff on Japanese autos and auto parts entering the U.S. Japan agreed to establish a $550 billion fund for U.S. investments, with the U.S. receiving 90% of the profits, and to purchase 100 Boeing aircraft.

The U.S.-EU trade deal

The U.S. and European Union announced a trade agreement and framework on July 27, 2025 setting a 15% tariff on most EU goods entering the U.S., while U.S. industrial goods face no tariff entering the EU. The EU agreed to buy $750 billion worth of U.S. energy and invest $600 billion in the United States.

The U.S.-South Korea trade deal

The U.S. and South Korea reached a trade agreement announced July 30, 2025 and signed Oct. 29, 2025, setting a 15% tariff on South Korean goods. South Korea agreed to buy $100 billion worth of U.S. liquified natural gas and invest $350 billion in the United States.

The U.S.-Malaysia, Cambodia, and Thailand trade deals

The U.S. signed trade agreements with Malaysia and Cambodia in late Oct. 2025 and reached a framework agreement with Thailand on Oct. 26, 2025. Each country agreed to eliminate or sharply reduce tariffs on U.S. products, while the U.S. maintains a 19% tariff on most imports from all three countries.

The U.S.-Switzerland trade deal

The U.S. and Switzerland announced a trade agreement Nov. 14, 2025 cutting U.S. tariffs on Swiss goods to 15% from 39%, with Switzerland committing to invest $200 billion in the United States.

U.S. trade agreements with El Salvador, Argentina, Ecuador, Guatemala, Bangladesh, India, North Macedonia, and Taiwan

The U.S. reached trade deals or frameworks with each of these economies between Nov. 2025 and Feb. 2026, generally trading improved U.S. market access for reduced tariffs and regulatory alignment.

The India agreement lowered tariffs on Indian goods from 50% to 18% in exchange for a commitment to purchase over $500 billion in U.S. energy and technology goods, though India has since postponed further negotiations without abandoning the deal.

The Taiwan agreement lowered reciprocal tariffs on Taiwanese goods to 15% and secured over $84 billion in planned Taiwanese purchases of U.S. energy, aircraft, and power equipment.

The U.S.-Jordan trade agreement

The U.S. and Jordan signed an Agreement on Reciprocal Trade on July 21, 2026, the most recent in this series of deals.

USMCA status

Following a required joint review on July 1, 2026, the United States did not agree to renew the USMCA in its current form. The agreement remains in force while the U.S., Mexico, and Canada continue negotiations over its terms.

Sectoral tariffs, product-specific tariffs, and other tariffs

Steel and aluminum tariffs

A 25% tariff on steel and aluminum imports and derivatives was imposed on March 12, 2025 and doubled to 50% on June 4, 2025. The United Kingdom retains a preferential rate under the U.S.-U.K. trade deal, with new origin criteria added in an April 2, 2026 revision requiring steel to be melted and poured, and aluminum smelted or cast, in the U.K.. That preferential treatment is set to expire Jan. 1, 2028, after which U.K. goods revert to the standard rate.

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Auto tariffs

A 25% tariff on automobiles and automobile parts took effect April 2, 2025, on top of existing duties. Tariffs on USMCA-compliant vehicles apply only to non-U.S. content. Automakers assembling vehicles in the U.S. with at least 85% U.S. or USMCA-compliant content can offset a portion of the parts tariffs through 2026.

Copper tariffs

A 50% tariff on semi-finished copper and copper-intensive derivative products took effect Aug. 1, 2025.

Semiconductor tariffs

A 25% Section 232 tariff on a narrow set of advanced semiconductor articles took effect Jan. 15, 2026, following a national security investigation launched April 1, 2025. President Trump had earlier threatened a 100% tariff on semiconductor imports except from companies moving production to the United States.

Pharmaceutical tariffs

A 100% tariff on patented medicines and ingredients took effect under an April 2, 2025 executive order, exempting finished generics, biosimilars, orphan drugs, and certain specialty pharmaceuticals. Companies signing pricing agreements with HHS and onshoring agreements with Commerce face 0% tariffs through Jan. 20, 2029; those signing only onshoring agreements pay 20%.

Lower rates apply to certain trade-deal partners: 15% for Japan, the European Union, South Korea, and Switzerland, and 10% for the United Kingdom, with a path to zero under further negotiation.

On July 22, 2026, the administration set a separate schedule for generic drugs: zero tariffs starting Aug. 1, 2026, rising to 100% in August 2028 and 200% a year later. India, which supplies close to half of the generic medicines consumed in the U.S., and China, which dominates upstream active pharmaceutical ingredient supply, face the largest exposure to this phase-in.

Truck tariffs

A 25% tariff on imports of heavy-duty trucks took effect Nov. 1, 2025, aimed at protecting domestic truck manufacturers.

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About the Author

Jack Caporal is the Research Director for The Motley Fool and Motley Fool Money. Jack leads efforts to identify and analyze trends shaping investing and personal financial decisions across the United States. His research has appeared in thousands of media outlets including Harvard Business Review, The New York Times, Bloomberg, and CNBC, and has been cited in congressional testimony. He previously covered business and economic trends as a reporter and policy analyst in Washington, D.C. He serves as Chair of the Trade Policy Committee at the World Trade Center in Denver, Colorado. He holds a B.A. degree in International Relations with a concentration in International Economics from Michigan State University.

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Jack Caporal has positions in Apple. The Motley Fool has positions in and recommends Apple, Baidu, Boeing, and Nvidia. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.

Tariff and Trade Investigation Tracker

A one-stop shop to track all the tariff and trade action from the Trump administration.

Key Points

Important trade actions investors should watch

UU.S. imposes forced labor tariffs on 60 economies, replacing earlier IEEPA and Section 122 duties

Section 301 investigation into industrial overcapacity remains open

Canada tariffs

China tariffs