27 July 2026 Americas Tax Roundup | 27 July 2026 | | | | A summary of the top weekly tax developments in the Americas | | | | | | | | | | | | | This week's tax news from the Americas - USTR finalizes additional tariffs of 10% or 12.5% on imports from 60 jurisdictions, effective 24 July 2026
The United States Trade Representative has announced final action on investigations under Section 301 of the Trade Act of 1974 (Section 301), concluding that 60 jurisdictions have failed "to impose and effectively enforce a prohibition on the importation of goods produced with forced labor." Beginning 24 July 2026, additional duties of either 10% or 12.5% apply to most imports from covered trading partners. The additional duties became effective as the temporary 10% additional duties under Section 122 of the Trade Act of 1974 expired on 24 July 2026.
- Brazilian exporters must consider implications of latest US tariffs
Effective 22 July 2026, the additional 25% Section 301 tariffs imposed under the United States Trade Representative's Notice of Action (issued 15 July 2026) apply to all products of Brazil that are not identified in Annexes I and II to the Notice of Action. Products already subject to Section 232 tariffs are exempt from the Section 301 duty, while other tariff measures, including other Section 301 tariffs, will stack with the additional 25% duty. Brazilian exporters should analyze their business operations to determine how the additional tariffs might affect them.
- US announces aluminum production incentive program and new defense supply chain requirements for critical materials
A Presidential Proclamation issued on 20 July 2026, by US President Donald Trump directs the US Secretary of Commerce to establish a new incentive program for businesses that invest in building, expanding or refurbishing primary aluminum production facilities in the United States. Under the program, approved participants may be eligible to import specified volumes of primary aluminum at a reduced Section 232 tariff rate equal to one-half of the otherwise applicable rate. Another Executive Order (EO) would strengthen defense supply chains and increae domestic acquisition of critical materials. Among other actions, the EO restricts the use of waivers for certain critical materials sourced from designated countries, establishes new supply-chain-mapping requirements for defense contractors and directs the qualification of alternative domestic sources where available.
- US imposes additional 50% tariff on certain Canadian imports under Section 338
On 20 July 2026, US President Donald Trump signed three proclamations imposing an additional 50% ad valorem tariff on certain Canada-origin goods in response to Canadian measures affecting the import of US motor vehicles, alcoholic beverages and dairy. Products that are already subject to tariffs under Section 232 of the Trade Expansion Act of 1962 or are covered by the World Trade Organization Agreement on Trade in Civil Aircraft (other than unmanned aircraft) will not be subject to the new Section 338 duties, although other tariff measures may apply cumulatively. These duties will apply regardless the goods’ qualification for duty-free treatment under the United States-Mexico-Canada agreement. The additional duties take effect at 12:01 a.m. Eastern Time on 19 August 2026 for goods entered for consumption, or withdrawn from warehouse for consumption, on or after that time.
| | | | | | | This week's newsletters - The Latest on BEPS and Beyond - 22 July 2026
Our monthly report with brief summaries of the latest activity in the OECD Base Erosion and Profit Shifting (BEPS) project as well as country specific legislative and administrative activity, including global and regional policy trends related to the global focus on BEPS.
| | | | | | | Upcoming EY webcasts A calendar of all upcoming EY webcasts is available. | | | | | | | Recent EY podcasts All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts. | | | | | | | This week's EY Global Tax Alerts Americas Africa Asia Europe Middle East | | | | | | | | | Additional resources EY Global Tax News Update
EY's Global Tax Alerts and other content can be delivered directly to your inbox. Register for EY's Global Tax News Update. | EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries. |
Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com. | | | | | | | | About Americas Tax Roundup Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Mannetta, writer and editor Distributed weekly to all Americas Tax personnel. | | | |
Document ID: 2026-1606 |
