Trump Imposes Steep Tariffs on Dozens of Countries, Including 35% on Canadian Goods
U.S. President Donald Trump has issued an executive order imposing steep tariffs on dozens of trading partners, just ahead of the August 1, 2025, trade deal deadline. The new tariffs range from 10% to 41% and will take effect seven days from the order’s release.
Key Tariff Rates on Major Trading Partners
| Country | New Tariff Rate | Previous Notes |
|---|---|---|
| Canada | 35% | Increased from 25%; related to fentanyl cooperation |
| Brazil | 50% | Highest among listed countries |
| India | 25% | Standard rate for non-compliant trading partners |
| Taiwan | 20% | Mid-tier rate |
| Switzerland | 39% | Among the highest rates |
| All Other Countries (not listed) | 10% | Default rate in annex |
Details of the Executive Order – Trump Imposes Steep Tariffs
- The order imposes tariffs of 10% to 41% on imports from 69 trading partners, effective seven days after the order’s issuance at 12:01 a.m. EDT (0401 GMT).
- Countries not included in the annex will automatically face a 10% tariff.
- The order stated: “Some trading partners, despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters.”
Canada Faces Increased Pressure
- A separate order for Canada raises the fentanyl-related tariff rate from 25% to 35%, citing Canada’s “failure to cooperate” in curbing fentanyl flows into the U.S.
- The tariff increase underscores a growing rift in U.S.-Canada relations, especially as Mexico was granted a 90-day reprieve from increased tariffs to allow further negotiations.
Mexico Granted Reprieve as Trump Imposes Steep Tariffs
- President Trump granted Mexico a 90-day exemption from a 30% tariff on many goods, allowing time for negotiating a broader trade agreement.
- Mexican President Claudia Sheinbaum confirmed the agreement after a phone call with Trump on July 31, 2025, stating on X: “We avoided the tariff increase announced for tomorrow. The call with Mr. Trump was excellent.”
- 85% of U.S. imports from Mexico comply with USMCA origin rules, shielding them from a 25% fentanyl-related tariff, according to Mexico’s economy ministry.
Trump’s Comments on Mexico
- Trump said the U.S. would continue to impose:
- 50% tariffs on Mexican steel, aluminum, and copper
- 25% tariffs on autos and non-USMCA-compliant goods affected by the fentanyl crisis
- In a Truth Social post, Trump added: “Additionally, Mexico has agreed to immediately terminate its Non-Tariff Trade Barriers, of which there were many,” though no specific details were provided.
U.S. Officials Comment on Upcoming Deal – Trump Imposes Steep Tariffs
- A U.S. official stated that additional trade deals were still pending announcement and emphasized: “We have some deals… and I don’t want to get ahead of the President in announcing those.”
- Regarding Canada, the official noted: “Canadian officials haven’t shown the same level of constructiveness that we’ve seen from the Mexican side.”
