#news 📰 President Donald Trump signed an executive order on August 1, 2025, imposing new tariffs on numerous trading partners of the United States, marking a significant step in his "America First" policy and seeking to rebalance global trade. These measures, which will take effect starting August 7, although some like Canada will see changes from August 1, aim to address what the White House describes as "unsustainable trade deficits" and "unfair practices" by other nations.
Among the countries most affected by these tariffs are Canada, whose rate on many goods will increase from 25% to 35%, citing "lack of cooperation" in the fight against fentanyl trafficking. Other countries such as Syria (41%), Laos and Myanmar (40%), Switzerland (39%), Iraq and Serbia (35%), Libya and Algeria (30%), as well as India (25%) and Taiwan (20%), will also face significant levies. Most countries without specific trade agreements with the U.S. will see a base rate of 10% to 15%.
Mexico, one of the main trading partners, secured a 90-day breather to negotiate a long-term agreement, temporarily maintaining the 25% tariff on certain goods. The European Union and several Asian countries like Japan, South Korea, Indonesia, the Philippines, and Vietnam have reached agreements for adjusted tariffs, or even exemptions in the case of the EU for goods with pre-existing tariffs over 15%.
The Trump administration justifies these actions as a "restructuring of global trade for the benefit of American workers" and a "necessary and powerful" tool to protect the economy and national security. However, global markets have reacted cautiously, and critical voices, including G7 leaders, have urged for a "de-escalation" in the trade war, warning about the negative impact on the global economy.
What do you think about these tariffs?