The President of the United States, Donald Trump has unveiled a range of revised U.S. reciprocal tariff rates set to take effect on August 7, 2025.
The modification of the tariffs was contained in a presidential executive order issued by the White House.
The revised reciprocal tariff rates include adjustments for key U.S. trading partners, with some countries facing higher tariffs and others seeing reductions based on their trade practices.
Pan-Atlantic Kompass reports that Trump set rates including a 35% duty on many goods from Canada, 25% for India, 20% for Taiwan, and 39% for Switzerland, according to the presidential executive order.
The order listed higher import duty rates of 10% to 41% starting in seven days for 69 trading partners.
For Nigeria, the tariff is now 15%, a one percent increment from the initial 14% tariff Trump announced in April.
The administration also teased that more trade deals were in the pipeline as it seeks to close trade deficits and boost domestic factories.
Below is a short overview of what the latest tariff looks like;
Canada
Trump said Thursday the United States would raise tariffs on certain Canadian goods from 25 per cent to 35 per cent.
He had warned of trade consequences for Canada after Prime Minister Mark Carney announced plans to recognise a Palestinian state at the UN General Assembly in September
Products covered by the 2020 United States-Mexico-Canada Agreement will be exempt from the tariff rate.
Mexico
Trump said he would delay imposing higher tariffs on Mexican imports, pushing back their rollout by 90 days.
The decision came after he spoke with Mexican President Claudia Sheinbaum.
The U.S. President had initially threatened to raise tariffs on Mexican products from 25 per cent to 30 per cent come August 1, citing a lack of progress in the flow of illicit fentanyl.
South Korea
Just days before the tariff deadline, Washington and Seoul reached a deal to avert a 25 per cent duty on South Korean goods, bringing the level down to 15 per cent instead.
India
Trump said Indian goods would face a 25 per cent US tariff starting August 1, slightly below an earlier threatened level.
The country would also face an unspecified “penalty” over New Delhi’s purchases of Russian weapons and energy, Trump said on social media.
European Union, Switzerland
EU exports to the United States are set to face tariffs of 15 per cent on most products after both sides struck a deal to avoid a higher 30 per cent level.
China
China was notably excluded from the U.S. reciprocal tariff rates. The country is facing an August 12 deadline as negotiations are still ongoing.
