#TrumpTariffs #TRUMPPrediction $TRUMP
Here’s the latest on Trump’s tariff policy as of August 1, 2025:
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🔥 Major Executive Order Signed — New Tariffs Coming
On July 31/August 1, President $TRUMP issued a sweeping executive order imposing new “reciprocal tariffs” on imports from approximately 68 countries and the European Union, with rates ranging from **10% to 41%** .
These tariffs are set to take effect on August 7, 2025, after a last-minute one-week delay from the original rollout date .
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🌐 Who Is Affected—and How Much?
India faces a 25% tariff, while Pakistan is subject to 19%, and Iraq to **35%** .
Canada’s tariff rises from 25% to 35%, especially for goods not compliant with USMCA — no reprieve granted amid U.S. complaints about fentanyl and border cooperation .
Specifics for other nations: Taiwan (~20%), South Africa (~30%), Switzerland (~39%), EU/Japan/South Korea (~15%), while Mexico received a 90‑day extension to renegotiate terms .
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🧾 Broader Tariff Measures & Ongoing Policies
In addition to these new tariffs, major existing measures include:
Auto and auto parts tariffs: 25% on most imported vehicles from Europe, Canada, Mexico, Japan, South Korea, and others, effective April 3, 2025 .
Steel and aluminum tariffs: 25% across the board, with potential increases for specific countries .
Select 25% tariffs against countries importing Venezuelan oil under Executive Order 14245 (effective April 2, 2025) .
A 10–20% “fentanyl tariff” on Chinese imports—initially 10% in early February 2025, then increased—aimed at targeting precursor chemical exports .
The effective average U.S. tariff on Chinese goods now stands at over 50%, with stacking of multiple layers such as Section 301, fentanly duty, and steel/aluminum levies removed or overlapping .