A series of new duties announced at dawn today (1.8.2025) by the US President Donald Trumpincluding a minimum world duty of 10% and 15% or higher for countries with commercial surpluses with USAcontinuing his hectic attempt to remodel international trade.
The key contributors to many commercial partners remain unchanged by the duties imposed by Trump in April 2025, which could reassure the worst fears of investors, after the president had previously stated that they could even double. However, His move to increase tariffs on Canadian products to 35% threatens to cause new tensions to an already tense relationship.
Most of the duties will come into force after midnight on August 7in order to give the US Customs and Border Protection service time to make the necessary changes to collect duties. Trump signed the directive a few hours before the previous August deadline to impose higher duties on dozens of commercial partners.
Overall, the result will be significantly higher tariffs on goods than almost all US trade partners. The US average tariff will increase to 15.2% if the rates are applied as announced, according to Bloomberg Economics, an increase of 13.3% – and significantly higher than the 2.3% in 2024, before taking off Trump.
Large industrial economies, including the European Union, Japan and South Korea, received 15% duties on their products, while charges from Mexico, Canada and China They are even bigger.
However, Some smaller states were hit by the highest rates, including Syria at 41%, as well as Laos and Menmar at 40% each.
However, Lesoto’s tiny African nation, which had suffered from Trump’s threat in April to impose a 50%duty, received a 15%coefficient. This change sets the mountain kingdom, which is located in a Mediterranean, in an advantage over the much larger country surrounding it entirely, South Africa.
The senior US official said there is still no date for implementation of revised duties in cars. Trump’s agreements with the EU, Japan and South Korea will reduce their vehicle exports to 15% from the 25% general rate.
A big exception from this week’s deadline is China, which is facing a deadline on August 12, 2025 to expire the US Target. The Trump government has implied that it is likely to be extended. No final decision has been made, but recent US-China talks in Stockholm were positive, the official said.
Trump has taken over his duties committing to implement duties on a scale that has never been seen for decades. He has long argued that duties will boost domestic production and prevent US “deceit” from other countries.
While its duties already generate billions of revenue for the US government, the long -term financial impacts remain unclear, with critics saying they will increase the costs for consumers and US businesses and exacerbate inflation.
In detail the duties by country or region:
- Afghanistan: 15%
- Algeria: 30%
- Angola: 15%
- Bangladesh: 20%
- Bolivia: 15%
- Bosnia – Herzegovina: 30%
- Botswana: 15%
- Brazil: 50%
- Brunei: 25%
- Cambodia: 19%
- Cameroon: 15%
- Chad: 15%
- Costa Rica: 15%
- Campus Coast: 15%
- Congo: 15%
- Ecuador: 15%
- Guinea: 15%
- European Union: 15%
- Fiji: 15%
- Ghana: 15%
- Guiana: 15%
- Iceland: 15%
- India: 25%
- Indonesia: 19%
- Iraq: 35%
- Israel: 15%
- Japan: 15%
- Jordan: 15%
- Kazakhstan: 25%
- Laos: 40%
- Lesoto: 15%
- Libya: 30%
- Lieuting: 15%
- Magadascar: 15%
- Malawi: 15%
- Malaysia: 19%
- Mauritius: 15%
- Moldova: 25%
- Mozambique: 15%
- Myanmar: 40%
- Namibia: 15%
- Nauru: 15%
- New Zealand: 15%
- Nicaragua: 18%
- Nigeria: 15%
- Northern Macedonia: 15%
- Norway: 15%
- Pakistan: 19%
- Papua Guinea: 15%
- Philippines: 19%
- Serbia: 35%
- South Africa: 30%
- South Korea: 15%
- Sri Lanka: 20%
- Switzerland: 39%
- Syria: 41%
- Taiwan: 20%
- Thailand: 19%
- Trinidad and Tobago: 15%
- Tunisia: 25%
- Turkey: 15%
- Uganda: 15%
- UK: 10%
- Vanuatu: 15%
- Venezuela: 15%
- Vietnam: 20%
- Zambia: 15%
- Zimbabwe: 15%