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Trump Delays Reciprocal Tariffs to August 7, Imposes 10–41% Duties on 70 Nations

Washington says the revised order cements its transactional ’America First’ strategy through a minimum 10% tariff with punitive rates as high as 41%.

A vendor hangs clothes at a stall at a night market in Phnom Penh, Cambodia, August 1, 2025. REUTERS/Tyrone Siu
President Donald Trump listens during an event to sign an executive order restarting the Presidential Fitness Test in public schools, Thursday, July 31, 2025, in the Roosevelt Room of the White House in Washington. (AP Photo/Jacquelyn Martin)
FILE PHOTO: A Wall Street plate is seen on a street vendor stall outside the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. REUTERS/Jeenah Moon/File Photo
Washington (United States), 01/08/2025.- US President Donald Trump speaks during an executive order signing ceremony in the Roosevelt Room of the White House in Washington, DC, USA, 31 July 2025. The order will formally reestablish the Presidential Fitness Test, creating school-based programs that reward excellence in physical education. EFE/EPA/ERIC LEE / POOL

Overview

  • The executive order, signed late on August 1, defers implementation of new reciprocal tariffs until August 7 and applies a baseline 10% ad valorem duty to imports from countries not listed in Annex I.
  • Nearly 70 trading partners face specific tariff rates between 10% and 41%, with Argentina at 10%, Canada at 35% over alleged drug-cooperation failures, and Brazil at 50% tied to the prosecution of Jair Bolsonaro.
  • China’s tariff truce is extended through August 12 and Mexico earns a 90-day extension, while the EU, UK and Japan have negotiated ceilings at 15%.
  • The administration invokes IEEPA, Section 232 and Section 301 authorities to navigate recent court rulings and push through its enhanced tariff framework.
  • Critics warn the directive undermines multilateral trade norms and risks retaliatory measures by politicizing tariffs for geopolitical and domestic objectives.