The Trump administration has imposed new import tariffs on Canada, Brazil, India, and Switzerland, ranging from 25% to 50%, aimed at reducing trade deficits and protecting domestic manufacturing.
🔹 Detailed tariff levels:
Canada: 35%
Brazil: 50%
India: 25%
Switzerland: 39%
🔹 Trade strategy:
Tariffs based on bilateral surplus/deficit
No adjustments in negotiations – reflects a hardline stance
Creates stability for American businesses when forecasting import costs
🔹 Impact:
Support domestic businesses in preparing for long-term costs
Increased risk of retaliation, trade tensions
Increasing pressure on the supply chain and international capital flows
👉 According to trade representative Greer, the tariffs are 'fixed' to maintain negotiating leverage and protect national interests. However, the possibility of adjustments remains open after the current round of negotiations.