See the Trump tariffs list by country

August 1, 2025

President Trump has implemented new tariffs on imports from more than 90 countries after failing to reach trade agreements by his August 1 deadline. These tariffs, which take effect on August 7 for most countries (with Canada's 35% rate already in effect since August 1), may result in higher prices for American consumers as companies pass on the increased costs. Brazil faces particularly steep 50% tariffs on most goods, while negotiations with China continue until August 12, and Mexico has received a 90-day extension at current tariff rates instead of the threatened 35% increase.

Who is affected

Companies importing foreign goods into the United States
American consumers who may face higher prices
More than 90 countries subject to the new tariffs
Brazil, facing one of the highest tariff rates at 50%
Canada, with a 35% tariff rate (though most goods are exempt)
China, still in negotiations until August 12
Mexico, which received a 90-day extension at current rates

What action is being taken

The U.S. government is implementing new tariffs on goods from more than 90 countries
The tariffs are being applied at different rates for different countries
Companies bringing foreign goods into the US are paying these taxes to the government
Negotiations with China are continuing until August 12
Mexico is receiving a 90-day extension at current tariff rates

Why it matters

The tariffs will likely increase costs for American consumers as companies pass on the tax burden
Different countries face significantly different tariff rates, with Brazil receiving one of the highest at 50%
These tariffs represent a major shift in U.S. trade policy affecting global commerce
Some countries have received exemptions or extensions, creating an uneven trade landscape
The tariffs will impact the cost and availability of imported goods in the U.S. market

What's next

No explicit next steps stated in the article

Read full article from source: BBC