U.S. Imposes New Wave of Tariffs on Multiple Countries Amid Trade Negotiations

On August 4, 2025, the Trump administration announced a new series of tariffs targeting numerous trading partners. President Donald Trump issued an executive order imposing significant import duties, with rates varying across countries. Notably, tariffs include 35% on goods from Canada, 50% on exports from Brazil, 25% on Indian products, 20% on Taiwanese imports, and 39% on Swiss goods. Overall, 69 nations face increased tariffs ranging from 10% to 41%, set to take effect within a week. Some countries had previously negotiated reductions, while others did not have the opportunity to do so before the deadline. Goods from nations not specified will face a standard 10% import tax, with considerations for further increases. The administration indicated ongoing trade negotiations and potential future agreements. Several countries failed to meet U.S. demands concerning trade imbalances or alignment on economic and security issues. Canadian Prime Minister Mark Carney voiced disappointment, citing concerns over Canadian employment and trade diversification. Mexico secured an extension of its existing trade agreement, avoiding a proposed 30% tariff on certain goods under the USMCA, with n...