Madrid Times

España Viva: Your Window to Madrid and Beyond
Saturday, Aug 02, 2025

Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners

Tariffs set at up to fifty percent for over seventy countries, with new rates taking effect on August seventh
The United States has finalized a sweeping set of tariff increases on dozens of global trade partners, with new rates scheduled to take effect on August 7, 2025.

The measures, authorized by executive order, include tariff hikes ranging from fifteen to fifty percent and mark one of the most extensive overhauls of U.S. trade policy in recent decades.

Canada will face a thirty-five percent tariff, up from the previous twenty-five percent rate, while the United Kingdom retains a baseline tariff of ten percent.

The European Union, Japan, and South Korea are all set to face a uniform tariff rate of fifteen percent, as part of recent bilateral arrangements.

Mexico, the United States' largest trading partner, received a ninety-day extension on its current tariff rates following direct negotiations between U.S. and Mexican officials.

Imports from Mexico will still be subject to duties on metals and automobiles.

Brazil will be subject to a fifty percent tariff on many goods, although key U.S. imports such as orange juice and aircraft parts are exempt.

An estimated 35.9 percent of Brazil’s exports to the U.S. will fall under the new highest tariff tier.

India is slated to face a twenty-five percent tariff after trade talks stalled, with additional penalties linked to its energy trade with Russia.

Taiwan will be subject to a twenty percent rate, while Switzerland faces a thirty-nine percent tariff, affecting sectors including watches and pharmaceuticals.

Bangladesh secured a reduction in its apparel export tariff to twenty percent, down from an initially proposed thirty-seven percent.

This aligns its rate with other major garment exporters such as Vietnam, Pakistan, Sri Lanka, and Indonesia.

The U.S. also signed agreements with Thailand and Cambodia, following their ceasefire agreement earlier in the week.

Both countries were originally facing a thirty-six percent tariff before the new deals.

On materials, President Trump imposed a fifty percent tariff on semi-finished copper products including pipes, wires, and rods, while exempting raw forms such as ore and cathodes.

This move led to a sharp drop in copper futures traded in New York.

A new order also ends the de minimis exemption for low-value imports under eight hundred dollars, with tariffs now applicable from August 29.

The move affects a wide range of e-commerce shipments.

In addition to the tariffs, the U.S. reached a new trade deal with South Korea.

The agreement includes a fifteen percent tariff on South Korean imports and a pledge from Seoul to invest three hundred and fifty billion dollars in U.S. energy and shipbuilding sectors.

President Trump has also confirmed a trade agreement with Pakistan that allows U.S. companies to develop Pakistan’s oil reserves.

In exchange, Pakistan will receive reduced tariffs on its exports to the U.S., although specific terms have not been disclosed.

The White House stated that over seventy countries are affected by the updated reciprocal tariff framework.

Many countries with which the U.S. runs a trade surplus were excluded from this round of increases, maintaining the ten percent baseline rate.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
JD Vance Warns Europe Faces “Civilizational Suicide” Over Open Borders and Speech Limits
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
House Republicans Move to Defund OECD Over Global Tax Dispute
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
Trump Announces Coca-Cola to Shift to Cane Sugar in U.S. Production
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Air India Pilot’s Mental Health Records Under Scrutiny
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Bitcoin Reaches New Milestone of $116,000
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
×