According to the latest information, the 'reciprocal tariffs' announced by the Trump administration officially took effect on August 1, 2025. This is the final implementation date after multiple postponements, affecting goods from several countries, with tariff rates varying between 10% and 50% depending on the country. For example, the tariff rate for the European Union and Japan is set at 15%, South Korea at 15%, India at 25% (plus additional punitive tariffs for purchasing Russian military equipment and energy), Canada at 35%, and Mexico at 30%, among others.
It is important to note that some countries such as the UK, Vietnam, and Indonesia have reached trade agreements with the United States, resulting in lower tariff rates, while countries without agreements face higher tariffs. Additionally, the Trump administration emphasizes that August 1 is a 'hard deadline' and will not be extended, though there may still be negotiations with some countries to adjust the rates.
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