Overview
- President Trump signed an executive order on August 6 expanding reciprocal tariffs to rates between 15% and 41% for most trading partners, replacing the 10% levy from April.
- Brazilian goods have faced a 50% tariff since August 6, applied to roughly 36% of exports after exemptions for sectors such as aviation and energy.
- India’s current 25% duty will rise to a combined 50% surcharge 21 days after the order’s signing, excluding products in steel, aluminum, pharmaceuticals and semiconductors.
- Swiss President Karin Keller-Sutter and Economy Minister Guy Parmelin flew to Washington on August 6 to press U.S. officials for a reduction of the 39% tariff on Swiss products.
- The administration has announced plans to impose 100% duties on imported chips and semiconductors, and partner countries are pursuing exemptions and WTO disputes over the sweeping measures.