UPDATE: Section 122 tariff (10%) in effect since Feb 24 — expires ~July 24 (~126 days). 24 states challenge in court (March 5). USTR launches new Section 301 probes (March 11). EU trade deal vote imminent. Full analysis →

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US Tariffs on Mineral Fuels, Oils from Sweden — 10% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

10%

Total Effective Rate

Among US trading partners for mineral fuels, oils, Sweden plays a notable role, with approximately $18B in total bilateral trade.

As of March 2026, mineral fuels, oils imports from Sweden face a base tariff rate of 10% under Section 122 of the Trade Act of 1974. This rate replaced the previous IEEPA reciprocal tariff following the Supreme Court's 6-3 ruling in V.O.S. Selections Inc. v. United States on February 20, 2026.

Under the Trade Act of 1974, Section 122 tariffs are limited to 150 days. The current 10% rate expires around July 24, 2026. Congressional action would be required to extend these tariffs beyond that date.

Mineral Fuels, Oils (HTS Chapter 27) carry an average MFN duty rate of 0.5% in addition to the Section 122 tariff. No additional Section 232 or Section 301 surcharges apply to most products in this category from Sweden.

Key products in HTS Chapter 27 imported from Sweden include Crude petroleum, Natural gas, Coal, Gasoline, Diesel fuel, and Jet fuel.

Common Products in Chapter 27

Crude petroleumNatural gasCoalGasolineDiesel fuelJet fuelPetroleum cokeLiquefied propane

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Frequently Asked Questions

What is the current tariff rate on mineral fuels, oils from Sweden?

As of March 2026, mineral fuels, oils from Sweden face a base tariff of 10% under Section 122. The effective rate can be up to 10%.

Will the tariff on mineral fuels, oils from Sweden change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Monitor legislative developments for updates.

How did the Supreme Court ruling affect mineral fuels, oils imports from Sweden?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24.