From 10% to 41%: Trump Revises Tariffs for Several Countries, Effective from August 7
Donald Trump has introduced fresh reciprocal tariffs of up to 41 per cent on imports from several countries, invoking emergency powers to curb trade deficits.
In an executive order, US President Donald Trump revised reciprocal tariff rates for numerous countries. The updated tariff structure will be implemented from August 7, just seven days after the announcement.
As per the order, Trump declared new import duties of up to 41 per cent on goods coming from various nations, citing emergency authority he claims to be exercising to reduce America’s trade imbalances with multiple trade partners.
This move came just a few hours ahead of the United States’ trade deadline on August 1.
Below are the newly adjusted reciprocal tariff rates imposed on US importers as per Trump’s declaration on re-negotiated trade arrangements.
Imports from some nations, such as Brazil, will attract additional tariffs over and above the rates mentioned below.
Tariff Rates by Country:
- Afghanistan – 15%
- Algeria – 30%
- Angola – 15%
- Bangladesh – 20%
- Bolivia – 15%
- Bosnia and Herzegovina – 30%
- Botswana – 15%
- Brazil – 10%
- Brunei – 25%
- Cambodia – 19%
- Cameroon – 15%
- Chad – 15%
- Costa Rica – 15%
- Côte d’Ivoire – 15%
- Democratic Republic of the Congo – 15%
- Ecuador – 15%
- European Union – 0%–15%
- Equatorial Guinea – 15%
- Falkland Islands – 10%
- Fiji – 15%
- Ghana – 15%
- Guyana – 15%
- Iceland – 15%
- India – 25%
- Indonesia – 19%
- Iraq – 35%
- Israel – 15%
- Japan – 15%
- Jordan – 15%
- Kazakhstan – 25%
- Laos – 40%
- Lesotho – 15%
- Libya – 30%
- Liechtenstein – 15%
- Madagascar – 15%
- Malawi – 15%
- Malaysia – 19%
- Mauritius – 15%
- Moldova – 25%
- Mozambique – 15%
- Myanmar (Burma) – 40%
- Namibia – 15%
- Nauru – 15%
- New Zealand – 15%
- Nicaragua – 18%
- Nigeria – 15%
- North Macedonia – 15%
- Norway – 15%
- Pakistan – 19%
- Papua New Guinea – 15%
- Philippines – 19%
- Serbia – 35%
- South Africa – 30%
- South Korea – 15%
- Sri Lanka – 20%
- Switzerland – 39%
- Syria – 41%
- Taiwan – 20%
- Thailand – 19%
- Trinidad and Tobago – 15%
- Tunisia – 25%
- Turkey – 15%
- Uganda – 15%
- United Kingdom – 10%
- Vanuatu – 15%
- Venezuela – 15%
- Vietnam – 20%
- Zambia – 15%
- Zimbabwe – 15%
What Has the White House Declared?
On Thursday, the White House stated that the “universal” tariff rate on imports entering the United States would stay at 10 per cent, the same as the level introduced on April 2.
However, the 10 per cent tariff will only apply to countries where the US enjoys a trade surplus — meaning the US exports more to those countries than it imports from them.
As per the new directive, a 15 per cent rate will be the minimum tariff for countries with which the US has a trade deficit.
