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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
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