Tariffs in 2026

Tariffs in 2026

We’ll continue to monitor the situation and will be updating the blog regularly.

Updated: 10 November 2026: We will continue to update this article as US trade policies develop. Source: https://travelgoods.org/

Recent developments to US trade policies include possible changes to tariffs following the US midterm elections, new questions around Russia-related sanctions and a temporary suspension of shipping fees.

Meanwhile, the latest US import figures show that Vietnam has overtaken China as the leading supplier of travel goods to the US.

Here are five key updates for luggage manufacturers, brands and buyers.

1. US Elections: Could Import Tariffs Change?

After the midterm elections, US tariffs are back in focus. Congress could consider measures to limit the President's power to introduce tariffs, although no major changes are confirmed.

Another development to watch is the possible return of the Generalized System of Preferences (GSP). This trade program previously allowed certain products from countries such as Cambodia, Indonesia, Thailand and the Philippines to enter the US duty-free. 

If renewed, GSP could help eligible luggage suppliers and US buyers reduce import costs.

What this means for buyers: Keep an eye on potential tariff changes and consider whether sourcing from Southeast Asia could offer cost advantages.

2. Russia Sanctions: Could Some Countries Face Higher Tariffs?

New US legislation raises the possibility of additional tariffs of up to 100% on certain countries buying Russian energy or helping Russia avoid sanctions. This could affect important sourcing markets such as China and India. 

The additional measures are currently waived, but the situation could change.

What this means for buyers: Be aware of potential tariff risks when sourcing from different countries. Avoid relying on a single manufacturing market.

3. Shipping Fees: Temporary Relief for Importers

The US has reportedly extended the suspension of proposed port fees affecting Chinese-built and Chinese-operated ships until January 10, 2027. 

This offers temporary relief for businesses importing luggage and travel goods, although future shipping costs remain uncertain.

What this means for buyers: Include freight charges when comparing suppliers. A lower factory price does not always mean a lower total import cost.

4. Vietnam Overtakes China in US Travel Goods Imports

The latest US import figures for January–August 2026 show Vietnam has overtaken China as the leading supplier of travel goods to the US.

Overall, US travel goods imports increased by 1.70% in quantity, while their total value fell by 1.86% compared with the same period in 2025.

These figures show continued growth in Southeast Asian manufacturing, particularly in Vietnam, Cambodia and Indonesia and China remains a major luggage manufacturing hub.

Many brands are now exploring a China Plus One strategy, keeping existing Chinese suppliers while developing additional sourcing options in other countries.

What this means for buyers: Vietnam and other Southeast Asian markets are worth exploring, but compare suppliers on quality, production capacity, lead times and total costs, not just tariffs.

5. What Should Luggage Brands and Buyers Do Next?

With trade policies continuing to change, there are four practical steps businesses can take:

• Compare total costs: Include factory prices, import duties, shipping and other charges.
• Explore different sourcing countries: Consider China, Vietnam, Cambodia, Indonesia and other manufacturing markets.
• Check import duties: Make sure luggage, locks and accessories have the correct customs classifications.
• Choose reliable suppliers: Work with manufacturers that meet your quality requirements and understand international compliance standards.

Tariffs and trade policies will continue to influence where luggage brands source their products. The growth of Vietnam and other Southeast Asian manufacturing markets creates new opportunities, while China's established manufacturing network remains important. For buyers, the priority is simple: compare costs, explore sourcing options and work with reliable manufacturing partners.