WASHINGTON In a move that’s sending shockwaves across global markets, former U.S. President Donald Trump has imposed steep import tariffs on goods from a wide range of countries, including key economic players like Canada, Brazil, India, Taiwan, and Switzerland.
The executive order, issued just ahead of an August 12 trade deal deadline, outlines the following tariff rates:
35% on Canadian goods
50% on Brazilian exports
25% on Indian products
20% on Taiwanese imports
39% for Swiss goods
And a 10% blanket import tax on other countries not specifically listed
While some countries reportedly had the chance to negotiate reductions or exemptions, others were caught off guard, with little opportunity for talks before the order was signed. There is, however, a short-term exception for goods shipped within the next seven days.
This announcement comes as the Trump administration hints at additional deals still in the pipeline. Meanwhile, the finalization of a U.S.–China trade deal remains uncertain, with tensions simmering just as the critical deadline approaches.
Trade analysts say the move could reshape global supply chains and strain relationships with long-standing allies. Businesses and governments alike are now scrambling to assess the impact.
