Overview

• Minimum duties of 10% will apply to all imports, with 15% levies for countries holding trade surpluses and up to 41% on specified goods.
• Brazil faces a punitive 50% tariff linked to the legal proceedings against former President Jair Bolsonaro, while Syria, Laos and Myanmar face duties as high as 41%.
• Canada’s rate increases to 35% over fentanyl-control disputes, and Mexico has secured a 90-day reprieve before new tariffs take effect.
• The tariff truce with China has been extended to August 12 pending separate negotiations ahead of duties on August 7.
• Last-minute deals with the EU, U.K., Japan, South Korea, Vietnam, Indonesia and the Philippines capped or delayed their tariffs, but global markets fell and legal challenges to the order are pending.