The White House has imposed sweeping new Section 301 tariffs on 60 countries, covering nearly all U.S. imports, in a move that shifts billions in costs onto domestic companies and consumers while setting up the administration’s next major legal test.

These new tariffs are more legally sturdy than the expiring temporary 10% Section 122 tariff and the earlier International Emergency Economic Powers Act tariffs the Supreme Court struck down 6-3 in February 2026, CNBC reported.

U.S. importers pay the duties (not foreign exporters), and analysts estimate they impose economic pain on households. The broader tariff regime costs the average household between $550 and $1,500 a year and raises consumer prices by about 0.4% to 1.1% — mostly due to higher prices of apparel, footwear, metals, electronics and autos, according to the Yale Budget Lab. the Section 301 architecture could raise up to $166 billion annually, the Atlantic Council noted.

The new tariffs will create winners and losers. For example, domestic steel and aluminum makers (Nucor, Cleveland-Cliffs, Steel Dynamics, Century Aluminum) are the clearest winners, while automakers (GM, Ford), retailers and import-reliant consumer brands (Nike, Apple)........

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