Overview

• The tariff regime applies a baseline 15% duty on imports from deficit nations and 10% on those from surplus partners as of August 7.
• India’s exports face an immediate 25% levy plus an additional 25% that will activate in 20 days unless Russian oil purchases cease.
• Brazil pays a 10% base tariff supplemented by a 40% penalty tied to the legal proceedings against former President Jair Bolsonaro.
• Under the USMCA framework, Canada’s duty rose to 35% from August 1 and Mexico won a 90-day extension on most tariffs.
• Trump signaled forthcoming 100% duties on semiconductors and accelerated pharmaceutical tariffs as negotiations with China press toward the August 12 deadline.