What Trump Tariffs Are Expected to Go Into Effect?

The US president opened a new chapter in the trade war by signing an executive order imposing an additional 50% tariff on Brazilian exports. Besides Brazil, Trump has been targeting other countries and products. See which ones. The trade war sparked by US President Donald Trump with his widespread tariff hike has entered a new chapter with the signing of an executive order imposing an additional 50% surcharge on Brazilian imports starting August 7th. The new tariff would be added to other levies already in effect against Brazil and specific products, such as steel.

Despite being the country most penalized in the new round of tariffs announced by Trump, Brazil is not the only one affected by the measure.

By order of the White House chief, all countries that export to the US are already subject to a base tariff of 10% on products, with a few exceptions, such as medicines, semiconductors, smartphones, computers and some critical minerals.

Average fares are at their highest level since 1930.

Below is a list of Trump's tariffs that were already in effect as of July 10 and those he is still threatening to impose.

Tariffs against specific products currently in force

Steel and aluminum – 50%

Cars and auto parts – 25%

Tariffs on specific products that Trump threatens to impose

Copper – 50% from August 1st

Medicines – up to 200%

Semiconductors – 25% or more

Movies – 100%

Wood

Aircraft, engines and parts

Tariffs against specific countries currently in effect

Canada – 35% on products not covered by the US-Canada-Mexico trade agreement (USMCA)

China – 30%, with additional tariffs on some products

Mexico – 30% for products outside the USMCA.

United Kingdom – base tariff of 10%, including for a limited quota of cars, and 25% on steel and aluminum.

Vietnam – 20% for some products, 40% for products originally shipped from other countries.

Tariffs against specific countries due to take effect on August 7

South Africa – 30%

Algeria – 30%

Bangladesh – 20%

Bosnia and Herzegovina – 30%

Brazil – 50%

Brunei – 25%

Cambodia – 19%

South Korea – 15%

Indonesia – 19%

Iraq – 35%

Japan – 15%

Kazakhstan – 25%

Laos – 40%

Libya – 30%

Malaysia – 19%

Moldova – 25%

Myanmar – 40%

Philippines – 19%

Serbia – 35%

Sri Lanka – 20%

Thailand – 19%

Tunisia – 25%

Other tariffs Trump threatens to impose

Trump has also threatened to impose an additional 10% tariff on "any country that aligns itself with the anti-American policies of BRICS," a bloc led by Brazil, Russia, India, China, and South Africa. The group had criticized Trump's tariffs in a statement issued at its last summit in Brazil.

The US president also suggested he could impose a 50% tariff on European Union (EU) exports if the bloc failed to reach an agreement by August 1. The tariff was currently at 10%. On Sunday (July 27), the US and EU agreed to reduce the surcharge on European goods entering the US to 15%.

Negotiated for months, the pact averts a trade war between two allies that represent nearly a third of global trade. US President Donald Trump threatened to impose a 30% tariff on European products if an agreement wasn't reached. Until the beginning of this year, this tariff was set at 4.8%.

According to him, the 15% tariff also applies to the automotive sector, crucial for the bloc as it employs 13 million people, which is currently taxed at 25%.

Trump also stated that the EU has agreed to purchase $750 billion (R$4.1 trillion) of American energy assets. The amount will be invested over three years in the acquisition of liquefied natural gas, oil, and nuclear fuels. The bloc will also make an additional $600 billion (R$3.3 trillion) in investments in the US.

ra/gb (Reuters, ots)