Trump’s Tariffs
New Executive Order Signed Aug 1: Trump has enacted sweeping “reciprocal tariffs” ranging from 10% to 41%, targeting imports from 68–92 countries, effective August 7. Specific rates include: 35% on Canada, 25% on India, 20% on Taiwan, 30% on South Africa, etc.
Implementation Delay: The start date was shifted from August 1 to August 7 to allow administrative prep.
Mexico Deal Extension: A 90-day pause maintains current tariffs on Mexican imports—25% on vehicles, 50% on steel and copper—not raising them on August 1.
Copper Tariff Detail: A standalone 50% tariff on copper products (semi‑finished and derivatives) goes into effect August 1; key exclusions include scrap and raw copper. U.S. domestic recycling mandates also come into play.
