Dozens more countries face higher levies on exports to US as new Trump tariffs come into effect | Trump tariffs

Dozens of nations face larger levies on their exports to the US now that Donald Trump’s newest wave of country-specific tariffs has come into pressure.The sweeping “reciprocal” charges introduced by the White Home per week in the past – simply earlier than a earlier 1 August deadline was attributable to elapse – have been in place as of a minute previous midnight Washington time on Thursday.Simply earlier than midnight, Trump claimed on social media that billions of {dollars} would begin flowing into the US on account of the tariffs.Nevertheless, whereas the customs duties make international locations’ exports dearer and fewer aggressive, they’re payable on import and normally handed on to the shopper.“The one factor that may cease America’s greatness could be a radical left courtroom that wishes to see our nation fail,” the president wrote in capital letters, referencing an ongoing case within the US courtroom of appeals which is contemplating whether or not he exceeded his authority in imposing the “reciprocal” tariffs.The charges vary from 41% on war-torn Syria to 10% for the UK and shall be utilized on high of the standard tariffs making use of to merchandise imported to the US.Which means that whereas Brazil’s “reciprocal” degree is 10%, its complete charge is 50% after an govt order imposed a 40% extra levy from Wednesday linked to the prosecution of the nation’s former president Jair Bolsonaro.The EU is the one buying and selling companion the place its baseline charge – set at 15% after a framework deal – will embrace earlier tariffs. It means, for instance, cheeses which are usually hit with import duties of 14.9% shall be taxed at 15% and never 29.9%.For the reason that announcement late on Thursday final week, governments around the globe have been racing to attempt to attain offers to avert border taxes they worry may deter traders and end in job losses.President Lula Da Silva talks on 5 August concerning the tariffs that President Trump will apply to Brazil. {Photograph}: Ton Molina/NurPhoto/RexThe Swiss president, Karin Keller-Sutter, was in Washington on Tuesday for 2 days of conferences with senior Trump administration officers to attempt to reverse a 39% levy that blindsided the federal government when it was unveiled.The Swiss authorities have been set to carry an “extraordinary assembly” on Thursday, following the return of officers from WashingtonMeanwhile, India’s 25% tariff charge may rise to a complete of fifty% after Trump signed an govt order on Wednesday imposing a further levy in retaliation for the nation’s buy of oil from Russia. Delhi has 21 days to reply. Trump has threatened to make use of the identical tactic on different international locations that offer Russia.skip previous publication promotionSign as much as Enterprise TodayGet set for the working day – we’ll level you to all of the enterprise information and evaluation you want each morningPrivacy Discover: Newsletters might comprise data about charities, on-line advertisements, and content material funded by outdoors events. For extra info see our Privateness Coverage. We use Google reCaptcha to guard our web site and the Google Privateness Coverage and Phrases of Service apply.after publication promotionTrump first unveiled the raft of country-specific charges on 2 April, a date he referred to as “liberation day”, claiming the remainder of the world had looted the US for many years.After a 90-day pause introduced in per week later and one other four-week truce introduced on 7 July, he confirmed the brand new set of charges final Friday.Some buying and selling companions secured reductions by way of negotiations or by placing offers, together with the UK, Thailand, Cambodia, Vietnam, Indonesia, the Philippines, Japan, South Korea, Pakistan and the EU.Different international locations are negotiating tariffs not lined by final week’s announcement. Canada has been hit with a complete charge of 35% that got here in final Friday, whereas Mexico prevented a rise from its 25% charge on the identical date after it was granted a 90-day extension. China faces a 30% charge whereas negotiations proceed earlier than its separate 12 August deadline for larger charges.On Wednesday, Trump additionally warned that the US would impose a tariff of about 100% on semiconductor chips imported from international locations not producing in America or planning to take action. The headline and textual content of this text have been amended on 7 August 2025 so as to add readability on who pays for tariffs.