U.S. Implements New Tariffs on 60 Trade Partners

Why it matters locally: While broad, these new tariffs could affect key industries in Oklahoma, such as agriculture, manufacturing, and energy, if the involved trade partners are significant to the state's international trade.

The U.S. Trade Representative's office announced new tariffs on products originating from 60 global trade partners. These tariffs, set between 10% and 12.5%, replace temporary duties previously enacted under the Trump administration. The previous temporary tariffs concluded at midnight. The U.S. government implemented the new tariff structure following this expiration.