Thu, 07 Aug 2025

Thu, 07 Aug 2025 Trump's new tariffs take effect in trade war escalation

On Wednesday, the president also threatened a 100% import tax on foreign-made semiconductors.

* A 50% tariff on India, effective August 27 unless it stops buying Russian oil.
* A 100% tariff on foreign-made computer chips (no major chipmakers affected).
* 40% tariffs on manufacturing-focused Laos and Myanmar.
* 20% tariff on Taiwan (described as "temporary" by the Taiwanese president).
* 15% tariff on goods from the European Union, accepted in a framework deal with Washington.
* The US-Canada Agreement has exempted most Canadian exports to the US from import tax due to an existing trade treaty.
* Higher tariffs on Mexico were paused for another 90 days as negotiations continue to strike a trade deal.
* A 50% tariff on Brazil's exports to the US, imposed after Trump accused President Luiz Inacio Lula da Silva of unfairly attacking US technology firms.
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