washington trade act section commerce secretary howard lutnick

S. Korea says U.S. to honor 15 pct tariff cap regarding new Section 301 duties

Apart from Malaysia, Cambodia and Indonesia are also among ASEAN countries that are facing 10 per cent duties.

Reliability 64 · high1 h agoJuly 24, 2026

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Summary

Washington announced overnight a set of new forced-labor tariffs on imports from 60 trade partners, ranging from 10 percent to 12.5 percent, effective Friday (U.S. time), under Section 301 of the 1974 Trade Act. Business : Malaysia Faces 10 Pct Duty Under US’ New Section 301 Tariffs Over Forced Labour Import Rules. The new tariffs were announced after temporary 10 percent worldwide tariffs expired Friday, following the Supreme Court's decision in February to strike down the Trump administration's reciprocal tariffs.

Furthermore, For every other economy, the USTR has determined 12.5 per cent is the appropriate rate of Section 301 duty, with specific economies subject to a 12.5 per cent rate net of a product’s MFN duty, the statement said.

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Washington announced overnight a set of new forced-labor tariffs on imports from 60 trade partners, ranging from 10 percent to 12.5 percent, effective Friday (U.S. time), under Section 301 of the 1974 Trade Act.
according to Yonhap News
Business : Malaysia Faces 10 Pct Duty Under US’ New Section 301 Tariffs Over Forced Labour Import Rules.
according to Bernama
The new tariffs were announced after temporary 10 percent worldwide tariffs expired Friday, following the Supreme Court's decision in February to strike down the Trump administration's reciprocal tariffs.
according to Yonhap News
For every other economy, the USTR has determined 12.5 per cent is the appropriate rate of Section 301 duty, with specific economies subject to a 12.5 per cent rate net of a product’s MFN duty, the statement said.
according to Bernama