Tariff Updates
Global Tariff Rates:
Trump aims to set a "world tariff" of 15-20% for most countries that don't negotiate separate trade deals.
Country-Specific Tariffs:
Tariffs have been imposed or announced on various countries, including:
India: 25% tariff
Pakistan: 19% tariff
China: 145% tariff
Canada: 35% tariff
Mexico: 30% tariff
European Union: 15% tariff
Brazil: 50% tariff
South Korea: New duties starting August 1, 2025
Japan: 25% tariff
Trade Agreements and Negotiations
US-EU Trade Deal: A deal has been reached, featuring a 15% tariff on most EU goods and $600 billion in investments in the US.
US-Philippines Trade Deal: The US will impose a 19% tariff on Philippine exports, while the Philippines will eliminate tariffs on American goods.
US-Japan Trade Talks: Ongoing discussions aim to reduce tariffs and improve trade relations.