The main purpose of the Fair Trade Act of 2026 is to impose additional tariffs, or duties, on goods imported into the United States. This legislation aims to adjust trade balances by charging higher rates on imports from countries that either contribute to a trade surplus or a trade deficit with the U.S. The goal is to promote fair trade practices and protect domestic industries. Key provisions of the Act include the establishment of specific duty rates based on the trade relationship with the exporting country. For goods imported from countries where the U.S.