On July 24, 2026, the US imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, replacing a temporary 10% global tariff that expired at the same time.
Imposed under Section 301 of the Trade Act of 1974, the new tariffs cover 99.4% of US imports, according to Reuters, but include various exemptions. The Federal Register notice shows that Brazil nuts, cashews, macadamias and pine nuts (all both shelled and in-shell) are listed in Annex II, Part A, and are therefore exempt from this action.
A 10% duty will apply to goods from Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, the United Kingdom, and Trinidad and Tobago.
The EU and Taiwan were assigned rates that, combined with pre-existing MFN tariff rates, totaled 10%, while Japan, South Korea and Switzerland were given rates that, in combination with MFN rates, totaled 12.5%.
The following countries were assigned a rate of 12.5%: Algeria, Angola, Australia, Bahamas, Bahrain, Brazil, Chile, China (including Hong Kong), Colombia, Costa Rica, Dominican Republic, Egypt, Guyana, Iraq, Israel, Kazakhstan, Kuwait, Libya, Morocco, New Zealand, Nicaragua, Nigeria, Norway, Oman, Peru, Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Africa, Thailand, Türkiye, United Arab Emirates, Uruguay, Venezuela and Viet Nam.
The rationale for these tariffs, as noted in a statement from the US Trade Representative, is that the affected countries failed to “impose and effectively enforce a prohibition on the importation of goods produced with forced labor.” As noted by Reuters, the US is expected to announce further tariffs based on another Section 301 investigation into excess capacity.
US Announces New 50% Tariff on Various Canadian Goods; Nuts and Dried Fruits Unaffected
On July 20, 2026, US President Dona ld Trump signed three presidential proclamations that impose additional 50% tariffs on certain goods from Canada. Citing presidential authority under Section 338 of the Tariff Act of 1930, Trump imposed the tariffs “in response to Canada’s discriminatory treatment of American products”—specifically motor vehicles, alcoholic beverages and dairy—according to a White House fact sheet. The tariffs will take effect after 30 days and will apply to all covered goods regardless of whether they originate under the US-Mexico-Canada Agreement (USMCA). The products listed in the annexes to the three proclamations do not appear to include any nuts or dried fruits.
New US Tariffs on Brazilian Goods Include Exemptions for Various Nuts
As of July 22, 2026, the United States has imposed new tariffs on a range of Brazilian products under a Section 301 investigation into Brazil’s trade practices. The measure introduces a 25% duty on selected imports while exempting a significant number of products, including Brazil nuts, cashews, macadamias and pine nuts. More information
US-India Trade Talks Remain Focused on Agricultural Market Access
Trade negotiations between the US and India remain unresolved after five rounds of talks, with agricultural market access continuing to be one of the main points of disagreement. According to the International Business Times, Washington has called for India to ease restrictions on several agricultural goods, including tree nuts. Negotiators have discussed possible tariff reductions on selected agricultural goods, including tree nuts and fresh and processed fruits.
In April, US President Donald Trump announced a 26% tariff on Indian imports before suspending the measure to allow for negotiations. That pause is set to expire on August 1 unless the two countries reach an agreement.
US Lawmakers Introduce Bill to Support Peanut Farmers Affected by Tariff-Related Disruptions
A new bill introduced in the US House of Representatives seeks to provide temporary financial assistance to agricultural producers affected by tariff-related market disruptions and rising production costs. The proposed legislation would establish a support program for producers of crops including peanuts, with assistance linked to documented revenue losses.
According to the bill’s sponsor, farmers have faced mounting economic pressure from higher input costs, market volatility and reduced export opportunities associated with recent trade developments. The proposal aims to provide targeted support to eligible producers and help maintain the viability of family farming operations. More information
Viet Nam and Algeria Strengthen Bilateral Trade With Focus on Cashews and Dates
Viet Nam’s trade office in Algeria held a hybrid business networking conference on July 16, 2026, bringing together nearly 20 Vietnamese businesses and representatives from 15 Algerian enterprises, trade organizations and media outlets to strengthen commercial cooperation between the two countries, as reported by VietnamPlus.
Data from Viet Nam’s customs authority show that Vietnamese exports to Algeria reached US$284 million in the first five months of 2026, posting a slight year-on-year increase, with green coffee accounting for approximately 85% of total export value and other major exports including cashews, pepper, desiccated coconut, chemical products and seafood. Viet Nam mainly imported carob powder, dates and chicken feet from Algeria during the same period.
During the conference, a representative of the Algerian Forum for Import-Export, Trading and Investment (AFIETI) commented that Algerian businesses are interested in importing Vietnamese cashews, desiccated coconut, spices and coffee, while Algeria wishes to expand exports of dates, olive oil and natural essential oils. He proposed a new approach to bilateral cooperation beyond conventional import-export activities, encouraging Vietnamese companies to set up joint ventures and partnerships in Algeria to gain access to both the Algerian market and the wider African market.
Cambodia and China Deepen Chamber-Level Cooperation Amid Surge in Bilateral Trade
According to the Khmer Times, following a significant surge in bilateral trade between Cambodia and China, the Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT) intend to deepen cooperation in promoting business and investment activities between the two countries. CCC President Kith Meng led a delegation accompanying Cambodian Prime Minister Hun Manet on a working visit and participate in the 2026 World AI Conference in China in July.
The CCC stated that it will hold a bilateral meeting with the CCPIT to strengthen cooperative relations between the two institutions and to further promote business and investment activities between Cambodia and China. A CCC delegation will attend other key meetings to explore new investment opportunities, expand business networks and reinforce economic cooperation between the two countries.
According to the Khmer Times, data from the General Department of Customs and Excise (GDCE) of Cambodia show that bilateral trade between Cambodia and China rose by more than 25% to reach US$11.63 billion during the first half of 2026, with Cambodian exports to China reaching nearly US$1 billion (up 25.7% year on year) and imports from China totaling US$10.67 billion (up 25.4% year on year). Cambodia’s primary exports to China include cashews, milled rice, bananas, cassava and durians, while its imports from China consist mainly of raw materials, machinery and equipment used to support Cambodia’s export-oriented manufacturing sector.
Data Releases
Black Sea Hazelnut Exporters’ Association Releases 2026 Turkish Hazelnut Crop Objective Forecast
On July 29, 2026, the Black Sea Hazelnut Exporters’ Association released its objective forecast for Türkiye’s 2026 hazelnut crop, estimating production at 805,246 metric tons (in-shell basis), with a 50% kernel recovery ratio.
