Trump announced 35% tariffs on Canadian imports, 30% on imports from Mexico and the EU, and 20% to 50% tariffs on 23 other trading partners, including Japan and Brazil.
US President Donald Trump announced a 35% tariff on Canadian imports and plans to impose 15% or 20% tariffs on most other trading partners.
Increased tariffs on Canada
The 35% tariffs on Canadian imports, announced on 10 July 2025, is an increase from the current 25% rate and will be taking effect starting 1 August.
The increased tariffs on Canadian imports is considered a major setback for Canadian Prime Minister Mark Carney, who had hoped to secure a trade deal with Washington. Last month, Carney announced that he and Trump had reached an agreement to finalise a new economic and security deal within 30 days.
Goods covered by the United States-Mexico-Canada Agreement (USMCA) were expected to remain exempt, and 10% tariffs on energy and fertiliser were unlikely to change. However, Trump had not finalised those decisions.
Increased tariffs on EU, Mexico, and major trading partners
On 12 July 2025, Trump also threatened to impose a 30% tariff on imports from Mexico and the European Union starting on 1 August. This follows weeks of negotiations with the major US trading partners that failed to reach a comprehensive trade deal.
The EU and Mexico, both major US trading partners, called the tariffs unfair and disruptive while pledging to negotiate a broader trade deal with the US before the 1 August deadline.
Meanwhile, Trump sent similar letters to 23 other trading partners this week, including Japan and Brazil, setting tariff rates from 20% to 50%, including a 50% tariff on copper.
The US president said the 30% rate was “separate from all sectoral tariffs,” meaning 50% tariffs on steel and aluminium and a 25% tariff on auto imports would remain unchanged.
Reinstatement of higher tariffs on nine countries
The Trump Administration, under President Donald Trump’s reciprocal trade enforcement campaign, will reinstate elevated tariffs on nine countries starting 1 August 2025.
The second round of tariff letters, issued on 9 July 2025, warns that the increased rates will take effect unless bilateral trade agreements are reached. These tariffs follow a 7 July 2025 Executive Order extending a temporary 10% general tariff for most countries and reactivating higher, country-specific rates for 14 nations.
The new tariffs are: Brazil (50%), Philippines (20%), Brunei (25%), Moldova (25%), Sri Lanka (30%, reduced from 54%), Algeria (30%), Iraq (30%), and Libya (30%). Sri Lanka’s rate was reduced from an initial 54% to 30%.
The affected countries, previously named on 2 April 2025, in the “Liberation Day” order, had their rates temporarily reduced during a 90-day suspension starting 9 April 2025.
