U.S. Section 301 duties on goods from 60 economies are now in force
U.S. Section 301 duties of 10% or 12.5% on covered goods from 60 economies have applied since July 24, with a narrow in-transit exemption expiring on July 28.
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Economic Pressure
Dated GeoSignal briefings on Economic Pressure. Read developments, assessment and source references in their original context.
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Search & filter →US Section 301 tariff regime replaces expired global levy
The United States’ finalized Section 301 programme is now the active import-tariff framework after the temporary 10% worldwide levy expired on July 24, applying additional duties of generally 10% or 12.5% to most imports from 60 economies.
EU adopts 21st Russia sanctions package targeting finance, energy and military supply networks
The EU adopted its 21st sanctions package against Russia on 23 July, widening restrictions on financial institutions, crypto services, oil-export support networks and military-industrial supply chains.
US sets 19 August start for 50% tariffs on specified Canadian imports
The United States has issued three coordinated Section 338 tariff actions against Canada, with additional 50% duties on specified vehicle, alcohol and dairy-related imports scheduled to begin on 19 August.
EU agrees Russia sanctions package after LNG-transit compromise
EU ambassadors reached political agreement on a 21st sanctions package against Russia on 23 July after a reported time-limited exemption allowed eligible EU operators to transfer Russian LNG to third-country customers under specified conditions.
US schedules targeted 50% duty on Canadian goods over dairy-quota dispute
The United States has scheduled an additional 50% duty on specified Canadian products from August 19 after asserting that Canada’s cheese tariff-rate-quota rules discriminate against US commerce.
EU’s 21st Russia sanctions package remains blocked over Greek LNG objections
As of 23 July, the EU has not adopted its proposed 21st sanctions package against Russia as negotiators seek to resolve Greece’s objections to draft LNG-related restrictions.
US schedules additional 50% tariffs on specified Canadian imports for August
The United States has proclaimed additional 50% duties on specified Canadian imports, due to take effect on August 19, while Canada and the United States continue trade negotiations.
US 25% tariff on qualifying Brazilian imports takes effect
A US Section 301 tariff of 25% is now applied to qualifying Brazil-origin imports, subject to product exemptions, creating immediate customs costs while Brazil prepares legal and reciprocity-law responses.
EU negotiations on 21st Russia sanctions package remain blocked by Greek LNG objections
EU ambassadors are still seeking Greece’s agreement on a proposed 21st Russia sanctions package, leaving its banking and LNG measures unadopted as of 22 July.
EU seeks compromise on proposed 21st Russia sanctions package
EU ambassadors are meeting on 22 July to seek agreement on a proposed 21st sanctions package against Russia after Greek objections left elements of the draft unresolved.
US 25% tariff on covered Brazilian imports takes effect
A 25% additional US Section 301 tariff on covered imports from Brazil became applicable on July 22, 2026, with specified product exemptions and new foreign-trade-zone treatment for most covered goods.
UK sanctions 11 Sudan-linked actors over alleged war-economy support
The United Kingdom’s 16 July sanctions package remains in force, imposing asset freezes and related restrictions on 11 individuals and entities alleged to support RSF- and SAF-linked financing, procurement, logistics and gold-revenue networks.
UK sanctions 11 Sudan-linked actors over alleged war-economy support
The UK’s 16 July sanctions package remains in force, imposing asset freezes and transaction prohibitions on 11 individuals and entities alleged to support the financing, gold revenues, procurement and logistics of Sudan’s warring parties.
US finalises 25% Brazil tariff ahead of July 22 start
The United States has finalised a 25% Section 301 duty on most Brazil-origin imports, with annexed exemptions, to take effect at 12:01 a.m. Eastern time on July 22, 2026.
US recalibrates Hong Kong sanctions after emergency expiry
The United States has removed Hong Kong-related designations based solely on the expired Executive Order 13936 emergency, while retaining Hong Kong Autonomy Act measures on a non-SDN list and preserving blocks on property frozen before 14 July 2026.
US finalises 25% Brazil tariff ahead of 22 July start
The United States has finalised an additional 25% Section 301 tariff on covered Brazilian imports, with specified exemptions, due to take effect on 22 July 2026.
US sanctions alleged IRGC weapons-procurement network
US sanctions imposed on 15 July remain in force against seven individuals and entities that the Treasury Department alleges supported Islamic Revolutionary Guard Corps weapons procurement across Iran, Russia, Italy and Nigeria.
UK sanctions 11 Sudan-linked gold, procurement and finance actors
The UK’s 16 July sanctions package adds 11 individuals and entities to its Sudan regime, applying asset-freeze and related restrictions to actors it says are linked to conflict-gold, procurement and financial networks supporting the RSF or SAF.
EU gold restrictions on Sudan take effect as UK targets alleged war-finance networks
EU restrictions on Sudan-origin gold and specified mining chemicals have been in force since 15 July, while the UK has separately sanctioned 11 individuals and entities it alleges support commercial, procurement and financing networks linked to Sudan’s warring parties.
EU Sudan gold-trade restrictions enter into force
EU restrictions on Sudan-origin gold exported after 15 July 2026 are now in force, extending to related finance and services while the item-level scope of separate mining-input controls remains to be determined.
US finalises 25% tariff on most Brazilian imports ahead of July 22 start
The United States has finalised a Section 301 action imposing an additional 25% duty on most Brazilian-origin imports, subject to specified exemptions, with covered entries scheduled to face the charge from 12:01 a.m. Eastern time on July 22.
US sanctions expand against Shamkhani-linked shipping network
US sanctions imposed on July 14 remain in force against more than 50 individuals, entities and vessels linked to Mohammad Hossein Shamkhani, increasing compliance exposure around Iranian oil, container-shipping and logistics operations.
EU imposes sectoral curbs on Sudanese gold trade and mining chemicals
The EU’s new Sudan sanctions bar EU-linked trade and services involving gold originating in Sudan and restrict mercury and cyanide exports to the country, adding sectoral pressure on conflict-finance channels.