Trump unleashes new tariffs on 69 countries, set to take effect in 7 days: Full list and details

Time of India

a day ago

Trump Tariff News: US President Donald Trump has imposed sweeping new tariffs on 69 countries, citing trade imbalances and national security concerns. Set to take effect on 7 August, the tariffs range from 10% to 50%, with some nations granted last-minute reprieves following hurried negotiations. India, Canada, and Brazil face some of the highest rates, while countries like South Korea and the EU managed reduced deals. The move has raised legal questions, triggered diplomatic tension, and could lead to rising costs for US consumers.
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Full tariff list and rate summary
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Country / Territory Reciprocal Tariff (Adjusted) 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% Equatorial Guinea 15% European Union (Goods >15% Column 1 duty) 0% European Union (Goods <15% Column 1 duty) 15% minus Column 1 duty rate 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%
Mexico secures a breather
India hit with full force
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Canada penalised over fentanyl dispute
South Korea cuts a deal
Taiwan vows to keep negotiating
Brazil fights back
China deadline looms
Court challenges and consumer impact
US President Donald Trump has issued a new executive order that slaps import tariffs on a long list of American trading partners. The decision, signed late Thursday, is set to go into effect on 7 August and covers a wide range of goods from 69 countries and the 27-member European Union . For countries not listed, a default rate of 10 percent will apply.This is part of Trump's wider strategy to force what he calls 'reciprocal' trade relationships. Many countries are seeing tariffs climb steeply, while a few have managed to avoid the worst through last-minute negotiations.The timing wasn't accidental. The White House had set a Friday deadline, putting several nations under pressure to strike last-minute deals or risk punitive rates. According to a senior administration official, the delay to 7 August allows for the new tariff schedule to be harmonised.Countries facing the highest rates include Syria at 41 percent, Switzerland at 39 percent, Laos and Myanmar at 40 percent, Iraq and Serbia at 35 percent, and Libya and Algeria at 30 percent. Others like Taiwan, India, and Vietnam fall in the 20 to 25 percent range.The European Union reached a deal under which goods with existing duty rates above 15 percent are exempt, while others will see adjusted levies.For countries not listed, the new baseline is 10 percent.White House Press Secretary Karoline Leavitt said, 'Upwards of 200 countries around the world have reached out to the trade and tariff team. We are going to prioritise our key trading partners. The trade team has been working around the clock to try to be in correspondence with as many countries as possible, but if they haven't heard from us yet, they will in the form of a letter or an executive order by midnight tonight.'One of the most closely watched outcomes was Mexico. After a call between Trump and President Claudia Sheinbaum on Thursday morning, Washington granted Mexico a 90-day reprieve. The current 25 percent tariff on many goods remains for now, down from a threatened 30 percent.'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,' President Sheinbaum posted on X.Trump echoed that the call was 'very successful' and said the US would maintain the 25 percent tariff on autos and a 50 percent levy on copper, aluminium and steel. He also announced, 'Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers , of which there were many,' though no further detail was offered.The background here is important. The US trade deficit with Mexico ballooned to 171.5 billion dollars last year, up from 63.3 billion dollars in 2016. While the USMCA protects some categories, Trump appears increasingly sceptical of the deal, which is up for renegotiation next year.India did not get a reprieve. Trump confirmed a 25 percent tariff on Indian goods, citing unresolved issues around access to India's agriculture sector and energy imports from Russia.'I don't care what India does with Russia. They can take their dead economies down together, for all I care,' Trump said bluntly during a press interaction.The announcement came a day after Indian officials said a US trade team would visit New Delhi on 25 August to continue talks. For now, the tariffs will go ahead.The timing could damage growing business ties. India was the second largest source of business visitors to the US in May, according to the Department of Commerce , with around 43,000 arrivals.Canada, the US's second-largest trading partner, was not spared either. A separate order raised tariffs on Canadian goods linked to fentanyl from 25 to 35 percent. Trump accused Ottawa of failing to stem the flow of the synthetic opioid.Canadian Prime Minister Mark Carney had reached out ahead of the decision, but 'we haven't spoken to Canada today,' Trump admitted.A senior US official added, 'Canadian officials haven't shown the same level of constructiveness that we've seen from the Mexican side.'South Korea negotiated its way to a reduced 15 percent tariff, down from a threatened 25 percent. As part of the deal, Seoul pledged to invest 350 billion dollars in US projects selected by Trump.Elsewhere, Thailand welcomed its 19 percent tariff, calling it a 'major success.''It represents a win-win approach aimed at preserving Thailand's export base and long-term economic stability,' said government spokesperson Jirayu Huangsab.Taiwan, facing a 20 percent tariff, is still pushing for a better deal. 'The US has announced a temporary 20 percent tariff for Taiwan, with the possibility of further reductions should an agreement be reached,' said President Lai Ching-te on Facebook. The island is a major chip supplier, and the tariffs come as AI-related chip exports surge.After four rounds of talks, both sides remain 'committed to completing an agreement,' Taiwan's cabinet said.Brazil received one of the harshest blows with a 50 percent tariff, though key exports like aircraft, energy and orange juice were exempt. The move comes amid US frustration over Brazil's prosecution of former President Jair Bolsonaro, a Trump ally.Finance Minister Fernando Haddad called the decision unjust. Brazil said it would appeal if talks break down.Talks with China are still in play. Treasury Secretary Scott Bessent told CNBC the US has 'the makings of a trade deal with China, but it is not 100 percent done.'Negotiators met in Stockholm for two days this week. 'We pushed back quite a bit,' Bessent said.China faces a deadline of 12 August to strike a final agreement, following preliminary deals in May and June to avoid further escalation.Trump's legal basis for the tariffs is already under scrutiny. He used emergency powers under the 1977 International Emergency Economic Powers Act to declare a trade emergency, but judges have expressed scepticism.The Court of International Trade ruled in May that the tariffs overstepped executive authority. Appeals court judges have echoed those concerns in recent hearings.Meanwhile, American consumers are starting to feel the pinch. Data from the Commerce Department showed price hikes in June: home furnishings rose 1.3 percent, recreational goods 0.9 percent, and clothing 0.4 percent. Economists say this trend may accelerate as more tariffs bite.Trump insists the tariffs will benefit the US in the long term. 'We have made a few deals today that are excellent deals for the country,' he said on Thursday afternoon, without naming the countries.With negotiations ongoing and legal battles brewing, the real test is whether this hardline approach reshapes global trade or backfires on the domestic economy. Either way, the world is watching.(With inputs from AP, Reuters and Bloomberg)