In his election campaign, Donald Trump once said that “Tariff is the most beautiful word in the dictionary.” Now, after six months in the office, the US President is eager to convert his specific vision of global business into reality.
With a step that shook both politics and business around the world, Trump announced on April 2 that he would impose a “baseline tariff” of 10% on all goods imported in the United States.
In addition, the goods of about 60 other business partners will face so -called mutual tafs, which Trump was even more for unfair trade policies as “worst criminals”.
While the baseline taf came into force immediately, the US President was forced to postpone the time limit of mutual tafs for 90 days in response to the upheaval in the financial markets after April 2.
These are now implemented on August 1, Trump has explained abundantly that it is strong on the deadline for countries that have not reached new trade agreements with the administration.
“It stands strong, and will not be extended,” Trump wrote on Tuesday in an all-cap Truth social post, “A big day for America !!!”
While some major American trading partners have been deals with, many others are facing the possibility of a deal on their exports to the United States.
The scores are more in the middle – no business deal has been signed, but there is no risk of high taffs yet. Some US cells in the theme are the largest trading partners including Australia, Taiwan and New Zealand.
Deal
Before the deadline, on 27 July, the US and the European Union agreed that European goods imported into the US would face 15% baseline taff. This includes the important automobile region of the European Union, which was under 25% levy since Trump took over in January.
In contrast, the European Union does not pay any fee to American firms, and according to the White House, promised to buy US energy of $ 750 billion (€ 656 billion), as well as invests about $ 600 billion in the US.
The agreement, which still needs to be signed by all 27 European Union members, has already come under strong criticism. French Prime Minister Francois Bairo said that this week the European Union had captured the European Union, describing it as a “dark day” on Sunday.
The United Kingdom, a business attack on a business with Washington in May, was the first country.
British products want to be subject to 10% base rate with exceptions from some industries. The UK is still interacting at a 25% rate exemption for its steel and aluminum products. In turn, the UK had to open its market for American ethanol and beef.
Under a deal in July, in 2024, a 15% tax will be levied on Japan’s exports to the US, including automobiles, for industry accounting for Japanese exports to the US in 2024.
Japanese will continue to apply for 50% of tetfies on steel and aluminum and the White House said that under the deal, Japan Wood makes an investment of $ 550 billion in the US unspecified.
Regarding South Korea, a recent interaction resulted in a 15% baseline tariff on all imports from that country -down from 25% theater from theater for one of the US top -10 trading partners and one of the leading Asian ally.
Trump said on Wednesday that South Korea had agreed to invest $ 350 billion in US projects and purchase liquidized natural gas and other energy products of $ 100 billion.
In addition, South Korea will accept American products, in which automobiles and agricultural commodities will be included in their markets and no import duty will be imposed on them, he said.
Washington has concluded trade deals with the Philippines, Vietnam, Indonesia and Pakistan.
The products of the Philippines-a major exporter and apparel-will of high-tech items will face 19% levy. Vietnam was capable of reducing a dangers of 49% threats under a deal in early July. A main exporter of clothing and shoes in the US, Vietnam will see its shipment under 20% tariff.
However, a 40% tariff wants to be impressed on the so-called transmission-guds manufactured in third countries that use Vietnam to ignore staper trade barriers. We do not want to face any of the three tais entering Vietnam.
Indonesian exports will be taxed at 19% to the US and according to Washington, almost all American goods will be able to enter Indonesia tariff free.
As part of Trump’s April 2 announcement, Pakistan, which faced a potential 29% tariff, said that there was a deal on Thursday, resulting in low tariffs, as well as an agram in which Washington would help destroy the country’s oil reserve.
China-Duniya’s second largest economy-a special case. Washington and Beijing had reduced the tariff to more than 100% on each other’s goods before temporarily reducing rates for a 90-day period. That break is set to end on August 12.
China has taken an aggressive stance in response to Trump’s threat to put a 145% levy on imports on imports, taking retaliation with its own tattif on American goods and blocks the sales of important rare earth minerals and components used by US defense and high-technical manufacturers.
Holdouts face escalation
Brazil is one of some major economies to run trade deficit with the United States, which means Brazil imports more than the country’s exports.
Nevertheless, the US President has threatened to impose 50% tariffs on Brazil’s products due to political differences. Trump called a “witch hunt” against former Brazilian President Jair Bolsoro, and demanded the release of an ultraconsary politician.
The current President of Brazil, Luiz Inceno Lula da Silva, in turn called Trump “Emperor” and said that he is not publicly afraid of criticizing Trump.
Meanwhile, India has drawn Trump’s IRE for its vast trade surplus with the US and its business relations with Russia.
As a result, Trump announced on Wednesday that he would impose 25% tariffs on Indian goods, as well as an additional “fines” in addition to an additional “fined” in addition to India’s purchase of Russian oil, which helps Moscow finance, it was in Ukraine.
On his true social platform, Trump wrote that India is “our friend,” but said that it is tartifies on American products “.”
The tariff danger of the US’s largest trading partners to Canada and Mexico-2 was not spared either, even though the trade between the three neighbors was controlled by the US-Maxico-Canada (USMCA) business agreement, interacted in the office during the first tenure of Trump.
Earlier this month, Trump threatened to increase the current tariff on Mexico from 25% to 30%.
Many items certified under the USMCA Free Trade Treaty, however, remain exemplary.
On Thursday, the US President extended the current rates of Mexico for 90 days to allow more time for trade talks.
“Complications of a deal with Mexico are somewhat different from other nations, both problems, and property, border, Trump said in a true social post, after a call with Sheenbam.
After Trump threatened to put 35% levy on imports not covered by USMCA, Canadian Prime Minister Mark Karney has been more doubted about the positive results of bilateral trade talks.
In March, Trump imposed 25% tariff on Canadian cars and auto parts, adding 50% levy to steel and aluminum imports in June. The new rate will apply to all other items.
On Wednesday, Trump said that it is “difficult for us to trade with the subject for Palestine to return to Canada’s stage.”
Edited by: Christie Pladson
This article was updated after the announcement of Donald Trump to postpon the high taff on Mexico for 90 days.
Correction, July 31, 2025: Remember the name of French Prime Minister Francois Bayoro in the earlier edition of this article. DW waiver for error.
