Key Updates on TRUMP TARRIFS

President Trump has signed a new executive order on July 31, 2025, implementing fresh tariffs on 68 countries and the European Union. These tariffs will go into effect on August 7, 2025, with rates ranging from 10% to 50%, depending on the country and their trade negotiations with the U.S.

Country-Specific Details

Canada faces a 35% tariff immediately, with no delay or special agreement

Australia has secured a 10% baseline tariff and avoided harsher penalties

India has been assigned a 25% tariff. No compromise has been reached, especially on agricultural goods. Indian exporters are pushing for government support

South Korea agreed to a 15% tariff in return for investment and energy agreements, similar to the EU and Japan