On August 7, 2025, a sweeping set of new tariffs takes effect on imports from nearly 70 countries and the European Union, with rates ranging from 10% to 41%.
North America & Key Partners
- Canada: Tariff raised to 35%, even for non‑USMCA goods.
- Mexico: Maintains a 25% tariff under a 90‑day extension.
- EU: Negotiated a 15% blanket rate across most imports.
Asia & Pacific Nations
- China: Capped at 30% after tariff reductions in negotiations.
- India: Faces a 25% rate, linked to Russian trade concerns.
- Taiwan & Vietnam: Each hit with 20% tariffs.
- South Korea, Japan, Indonesia, Philippines: Set at 15–19%.
- Laos & Myanmar: Imposed the highest rates in the region—40% each.
South America & Africa
- Brazil: Subject to a 50% tariff, partially punitive.
- South Africa: Set at 30%.
- Switzerland: Faces a high 39% tariff.
- Most African countries (e.g. Ghana, Nigeria, Zambia) fall under 15% tiers.
Europe & Middle East
- United Kingdom & Norway: Tariffs maintained at 10%.
- Serbia: Hits a steep 35% rate.
- Syria: Imposed the highest single rate of 41%.
- Israel, Iceland, Jordan: Subject to 15% tariffs.
Universal Base Rate & Exceptions
- Countries not specifically listed face a default 10% tariff.
- Additional 40% surcharge applies to goods identified as transshipped via other countries.
- A 25% universal tariff also applies to nations importing Venezuelan oil.
What This Means
- The average U.S. import tariff rate has surged to 18.3%, the highest level since the 1930s .
- In total, 69 countries and trading blocs are impacted by these “reciprocal tariffs.”
- Measures are seen as targeting trade fairness, energy ties, and political behavior ReutersThe Washington Post.
- Consumer prices are projected to rise by about 1.8%, impacting household budgets and inflation .
Final Thought
These tariffs mark a major escalation in U.S. trade policy—a strategic use of economic leverage across multiple continents. As deals emerge, some countries secured relief or reduction in rates, but many are now navigating elevated costs under pressure to negotiate.
Disclaimer
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