The United States will implement new country-specific tariff rates on August 7
U.S. President Trump signed an executive order on Thursday, planning to lift the suspension of country-specific tariffs on August 7 and impose new rates ranging from 10% to 41% on more than 60 trading partners. The executive order also includes a 25% tariff on Indian imports, as well as rates from previously negotiated trade agreements with multiple countries. Countries not listed will continue to face a baseline tariff of 10%.
The United States plans to lift the suspension of country-specific tariffs on August 7 and impose a series of new tariff rates on certain trading partners. According to an executive order signed by President Trump on Thursdayexecutive order, the new tariff rates will cover more than 60 trading partners, with rates ranging from 10% to 41%.
Among the rates listed in the executive order are countries whose rates match those in several trade agreements announced by Trump in recent months. The order also imposes a tariff on imports from India25% tariff, a rate Trump had threatened to impose earlier this week.
Imports fromCanada、MexicoandChinawill continue to be subject to separate tariffs, while goods from countries not listed in the executive order will face a baseline tariff of 10%.
Nearly 70 countries will face new U.S. tariff rates
Trump stated in the executive order that while some countries have agreed to "meaningful trade and security commitments," others failed to provide sufficient conditions or did not engage in negotiations during the months of the country-specific tariff suspension.
Imported goods will begin to be subject to these tariffs on August 7. Goods already loaded on ships or en route to U.S. ports on the date the tariffs take effect will not be affected by the new tariffs, provided they are cleared through customs by October 5.
However, the executive order stipulates that if U.S. Customs and Border Protection finds that goods have been "transshipped to circumvent applicable tariffs," the relevant products will face a 40% tariff and may be subject to additional penalties and fees.
Trump's latest directive formalizes the country-specific tariff implementation plan he first announced in April. After suspending these tariffs and replacing them with a 10% baseline tariff, he subsequently shared a series of letters on social media detailing the revised country-specific rates originally scheduled to take effect on August 1.
During the suspension period, the Trump administration reached tariff agreements and frameworks with multiple trading partners, includingthe European Union、JapanandSouth Korea。