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How it Happened?
August 1
• United States 35% IEEPA tariff on Canadian imports goes into effect
• United States 50% Section 232 tariff on copper imports goes into effect
July 31
United States publishes full schedule of revised reciprocal tariffs, delaying re-implementation from August 1st to August 7th
July 30
• United States announced an additional 40% tariff on imports from Brazil, effective August 6
• United States suspended duty-free de minimis treatment for imports from all countries
• United States announced a new trade deal with South Korea, introducing a 15% tariff on most South Korean imports
• United States announces a 25% tariff on imports from India
July 27
United States announces new trade deal with Europe, with 15% tariff on most EU imports
July 22
United States announces new trade deal with Japan, reducing reciprocal and automotive tariffs from 25% to 15%
July 15
United States opens Section 301 investigation into unfair trading practices of Brazil
July 15
United States announces new trade deal with Indonesia for 19% reciprocal tariff. United States to pay 0% tariff for imports into Indonesia.
July 14
United States 100% secondary tariff threatened on third countries that buy goods from Russia
July 11
United States announces 30% tariff on EU, Mexico imports, to be effective from August 1st
July 10
United States announces 35% tariff on Canada imports, to be effective from August 1st
July 9
Letters issued to the following countries defining reciprocal tariff rate to be effective from August 1st, transshipped goods to have a higher rate:
• Philippines 20%
• Brunei 25%
• Moldova 25%
• Algeria 30%
• Iraq 30%
• Libya 30%
• Brazil 50%
• Sri Lanka 30%
July 8
United States 50% Tariff on Copper announced, to be effective from August 1st
Stay updated with the freshest reports on the latest tariff policy changes
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More President Trump's tariff insights from Thomson Reuters
Mastering tariff compliance series Part 1: Minimising the impact of tariffs
This blog post is the first in a series of four, examining product solutions that can help specialists and strategists master tariff compliance.
Mastering tariff compliance series Part 2: Avoiding or delaying tariffs
This is the second in a series of blog posts examining product solutions that can help specialists and strategists master tariff compliance.
Mastering tariff series Part 3: How to capture duty savings
This is the third in a series of blog posts examining product solutions that can help specialists and strategists master tariff compliance.
Mastering tariff series Part 4: Ensure classification compliance
This is the fourth in a series of blog posts examining product solutions that can help specialists and strategists master tariff compliance
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Trump 2.0: From rhetoric to reality
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A tariff is a tax imposed by a government on goods and services imported from other countries. Tariffs protect domestic companies from foreign competition.
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President Trump's announcement of a 10% baseline tariff on all imports, set to take effect on April 5, marks a significant shift in U.S. trade policy.
What are foreign-trade zones (FTZs)? Know the basics
US companies are using this perk thanks to the US Customs and Border Protection. Learn what is a Foreign Trade Zone and the benefits
Webinars to gain insight from trade experts
Webinar
Adapting to President Trump's Tariff Escalations
Join our webinar to explore President Trump's tariff policies, their impact on industries, and strategies for adapting to global trade changes.
On-demand WEBINAR
2024 Election Super Year: Navigating the Future of Global Trade
Our expert panel, led by Zoe Martinez, Global Trade Solutions Expert from Thomson Reuters, will delve into the potential impacts on supply chains, sanctions, and trade wars in 2025 and beyond.
On-demand WEBINAR
Trump 2.0 and His First 30 Days in Office
Trump 2.0 Series Vol.2 - a look back at his first 30 days in office, where we will explore the critical changes President Trump has enacted in his first 30 days and their profound impact on global trade, particularly in Asia and emerging markets.
