New Section 301 Tariffs Could Reshape Global Trade

New Section 301 Tariffs Could Reshape Global Trade

A New Chapter in U.S. Trade Policy

While much of the attention this year has focused on the Supreme Court's decision striking down the IEEPA tariffs, the bigger story may be what comes next.Following that ruling, the administration implemented temporary Section 122 tariffs, which are currently scheduled to expire on July 24. However, a new proposal from the U.S. Trade Representative (USTR) may significantly change the trade landscape during the second half of 2026.