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ONESOURCE Solutions assist you in navigating regulatory changes and managing risks amid uncertain tariff policies.

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

More President Trump's tariff insights from Thomson Reuters

Speak to our solution consultant on de-risking with ONESOURCE Global Trade Management.