The Tariff State of Play

This Focus provides a detailed analysis of recent changes in US tariff policy and discusses what future changes are likely. It addresses some key questions about how the new Section 301 and Section 232 tariffs compare to the previous Section 122 and IEEPA regimes, whether future Section 301 and Section 338 tariffs will significantly alter the picture, and what legal challenges mean for future tariff policy.

Alongside this publication, we have updated our Tariffs State of Play dashboard, located here in our Trade Hub. This dashboard includes a trade war timeline, charts showing the latest tariff rates by economy, and a brief overview of US tariff policies.