Overview

• Reciprocal tariffs on imports from over two dozen trading partners will begin on August 7 under President Trump’s expanded economic emergency powers.
• A universal 50% Section 232 tariff on semi-finished copper products took effect on August 1 to protect U.S. metal producers.
• The longstanding $800 de minimis duty exemption will be rescinded on August 29, forcing e-commerce parcels from platforms like Shein and Etsy to face full tariffs.
• The European Union agreed to suspend its planned retaliatory duties for six months as trade talks continue with Washington.
• Switzerland, hit with a surprise 39% duty, and India, facing a projected 30% export decline, are scrambling to negotiate improved tariff agreements.