What The Tariffs Mean Right Now!
Updated Weekly
Last updated: August 6, 2025
- August 4: CBP issued official HTS codes and exemptions for Brazilian imports subject to a new 40% duty starting August 6, clarifying that goods already in transit may be exempt if entered before October 5.
- August 1-4: USTR Greer said some tariff deals are finalized but may be rejected by President Trump, and confirmed that reciprical tariffs on over 70 countries will rise August 7, pushing U.S. average rates to a historic 18.3%
- July 31: U.S. reciprocal tariff rates are further modified, with duties ranging from 15% to 41% based on trade deficits, effective August 7, 2025
- July 31: The duty on Canadadian products increases from 25% to 35%, effective August 1, 2025, due to concerns over illicit drug trafficking
- July 31: The tariff increase on Mexican goods is avoided, with current terms extened for 90 days as the U.S. and Mexico work on a long-term trade agreement
- July 30: U.S. declares a national emergency over actions by Brazil; imposes a 50% tariff on specified Brazilian imports under the IEEPA
- July 30: White house issues proclamation under Section 232 imposing a 50% tariff on semi-finished copper imports, effective August 1, 2025; refined copper may face additional duties of 15% in 2027 and 30% in 2028, pending Commerce Department review by June 30, 2026
- July 30: Executive Order suspends global duty-free “de minimis” exemption (under $800), effective August 29, 2025; postal shipments will initially incur flat-rate duties($80-200), shifting to standard ad valorem tariffs after six months
- July 29: U.S. and EU announce historic trade deal with a 15% tariff ceiling on most EU goods and major investment commitments, effective August1.
- July 23: U.S. – Japan Strategic Trade & Investment Agreement announced.
- July 22: U.S. – Indonesia deal sets mutual tariff rate at 19%
- July 7: Reciprocal tariffs raised to 50% (UK exempt)
- June 4: Steel & Aluminum tariffs raised to 50% (UK exempt)
- May 2: De minimis exemption for China/HK removed
- April 5: “Liberation Day” 10% baseline tariff in effect
SOURCE: https://www.whitehouse.gov/news/
Updated Weekly
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