{"id":125889,"date":"2025-08-07T08:43:12","date_gmt":"2025-08-07T08:43:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/125889\/"},"modified":"2025-08-07T08:43:12","modified_gmt":"2025-08-07T08:43:12","slug":"trumps-reciprocal-tariffs-come-into-effect-hitting-dozens-of-u-s-trading-partners","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/125889\/","title":{"rendered":"Trump’s ‘reciprocal’ tariffs come into effect, hitting dozens of U.S. trading partners"},"content":{"rendered":"

U.S. President Donald Trump speaks to reporters ahed of boarding Marine One to depart for New Jersey, at the White House in Washington, D.C., U.S., August 1, 2025. <\/p>\n

Jonathan Ernst | Reuters<\/p>\n

U.S. President Donald Trump’s so-called “reciprocal” tariffs took effect on Thursday, imposing higher duties on many of the country’s trading partners’ exports to the U.S.<\/p>\n

“IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” Trump\u00a0wrote<\/a>\u00a0on social media platform Truth Social.<\/p>\n

In an earlier\u00a0post<\/a>\u00a0Trump had said the tariffs were targeting “COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS.”<\/p>\n

\"A<\/a>India’s $434 billion merchandise exports engine: What’s at stake as Trump doubles tariffs to 50%<\/a><\/p>\n

Trump last week \u2014 ahead of his Aug. 1 tariffs deadline \u2014 rejigged the tariff rates<\/a>\u00a0and pushed back the deadline to Aug. 7.<\/p>\n

Some of the steepest duties include Syria’s 41%, and Laos and Myanmar’s 40% rate, while Switzerland \u2014 after being unsuccessful in a last-minute scramble for a deal \u2014 is facing 39% tariffs.<\/p>\n

Swiss negotiators this week travelled to Washington D.C. for talks after the country’s higher rate came as a surprise to many, but so far, no deal appears to have been agreed. An update is expected from the Swiss government later on Thursday.<\/p>\n

\"Bern<\/a>Switzerland is in a uniquely difficult position when it comes to tariffs. Here’s why<\/a><\/p>\n

Separately, Brazil and\u00a0India<\/a>\u00a0are both now facing duties of 50%. While Brazil’s tariffs appear to have kicked in, India’s rate is at 25% for now, and will rise to 50% later this month, according to an executive order signed Wednesday. Trump said his tariffs on India are related to its current purchases of Russian oil.<\/p>\n

Other countries and regions, meanwhile, have been able to strike trade agreements with the U.S. This includes the European Union, Japan and South Korea \u2014 which all now face 15% tariffs \u2014 as well as the U.K., which negotiated a 10% rate.<\/p>\n

Others, including China<\/a> and Mexico<\/a>, remain in limbo. China is engaged in something of a trade truce with the U.S. for now, while previously announced rates for Mexico are on pause.<\/p>\n

‘This game is not over’<\/p>\n

Trump’s latest tariff announcements \u2014 including higher duties on India and threats of 100% tariffs<\/a> on chips \u2014 show “this game is not over,” according to Bill Papadakis, macro strategist at Lombard Odier.<\/p>\n

“There has been some optimism building recently because the overall level of uncertainty has come down,” he told CNBC’s “Europe Early Edition” on Thursday, pointing out that several deals have been made and Trump has walked back some of his threats.<\/p>\n

“But we shouldn’t be overly optimistic either,” he warned, as the impact of tariffs on economic growth and inflation is not yet clear.<\/p>\n

Beat Wittmann, chairman and partner at Zurich-based Porta Advisors, noted that sharp duties like the ones faced by India and Switzerland should not come as a surprise.<\/p>\n

“You just watch how Trump is treating neighbors, Canada, and then you can imagine all the rest. So welcome to this new world,” he told CNBC’s “Squawk Box Europe.”<\/p>\n

Wittmann also weighed in on Switzerland, as it scrambles to lower its tariff rate.<\/p>\n

“What should Switzerland do? Realize that we live in a world of policymakers and these other three superpowers \u2014 China, EU and the U.S., and all the rest \u2014 are in various degrees, takers,” he said.<\/p>\n

“So the only thing you can do is short-term accommodate, be flexible, be adaptive. But you know, structurally, you have to become stronger yourself and more independent.”<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump speaks to reporters ahed of boarding Marine One to depart for New Jersey, at…\n","protected":false},"author":3,"featured_media":125890,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[78,76,81,77,69,79,3350,1567,50,80,16997,130,67,103,27231],"class_list":{"0":"post-125889","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-breaking-news-economy","9":"tag-breaking-news-politics","10":"tag-business-news","11":"tag-donald-j-trump","12":"tag-donald-trump","13":"tag-economy","14":"tag-foreign-policy","15":"tag-india","16":"tag-news","17":"tag-politics","18":"tag-switzerland","19":"tag-trade","20":"tag-united-states","21":"tag-world","22":"tag-world-economy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114986602143361525","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/125889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=125889"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/125889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/125890"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=125889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=125889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=125889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}