Trump announces new 'reciprocal' tariff hikes.
See all Stories Posted Aug 1, 2025 at 1:44 AM UTC Trump announces new 'reciprocal' tariff hikes.
The Trump administration has revealed tariff rates it plans to impose on exports from dozens of countries that are due to take effect on August 7th.
According to the WSJ , 'the result will be significantly higher tariffs on virtually every US trading partner,' ranging from 10 to 41 percent, and a 40 percent penalty rate for goods deemed 'transshipped' to avoid tariffs. An executive order targeting alleged 'inaction and retaliation' from Canada will raise its rate on items not covered under the US-Mexico-Canada trade agreement from 25 to 35 percent starting August 1st. Further Modifying the Reciprocal Tariff Rates
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