US: Trump administration imposes 10%–41% reciprocal tariffs on multiple countries

The development follows Trump’s warning that countries failing to reach a trade deal with the US by 1 August would face higher export tariffs.

US President Donald Trump signed an executive order on 31 July 2025, imposing high tariffs on exports from several countries—including Canada (35%), Brazil (50%), India (25%), Taiwan (20%), and Switzerland (39%).

The announcement follows Trump’s warning that countries not reaching a deal with the US by the 1 August deadline. He stated that countries that failed to get a trade deal with the US within that deadline will face increased tariffs on their exports.

The order announced increased import duties ranging from 10% to 41%, set to take effect in seven days and impacting 69 trading partners. While some of these countries had previously reached tariff-reduction agreements, others were not given the chance to negotiate. An exception was made for certain goods shipped within the next week.

Goods from all unspecified countries would face a 10% US import tariff, though Trump previously indicated the rate could be increased.

China faces a 12 August deadline to finalise a lasting tariff agreement with the Trump administration, following preliminary deals in May and June.

On 2 April 2025, Trump signed an executive order imposing a 10% baseline tariff on imports from all countries. The move introduced reciprocal tariffs on imports from nations with large US trade deficits. However, just days later, on 9 April 2025, he announced a three-month suspension of all “reciprocal” tariffs, except those imposed on China.

Here is the complete list of countries/territories and the adjusted US tariff rates.