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# What Trump's sweeping new tariffs mean for your wallet
Trump's levies on more than 80 countries took effect on Friday.
By[Max Zahn](https://abcnews.com/author/Max_Zahn)
July 27, 2026, 4:26 PM
8:31
New Trump tariffs take effect on imports from more than 80 countries Justin Wolfers explains the new tariffs, their economic impact and why he believes they could weaken U.S. leverage in global trade.
President Donald Trump's new round of [sweeping tariffs](https://abcnews.com/Business/trump-set-impose-sweeping-tariffs-60-trade-partners/story?id=135020049) on more than 80 countries took effect on Friday, ratcheting up an effort to reconstruct levies [struck down](https://abcnews.com/Business/trump-tariffs-supreme-court-case-economy/story?id=127167001) by the Supreme Court earlier this year.
Targeted nations face duties of either 10% or 12.5%, depending on the extent of their efforts to address alleged forced labor violations, according to a [notice](https://ustr.gov/about/policy-offices/press-office/fact-sheets/2026/july/fact-sheet-ustr-section-301-action-response-failure-60-economies-ban-imports-produced-forced-labor) from U.S. Trade Representative Jamieson Greer's office.
The levies began on the same day that a 10% global tariff announced in February was set to expire.