Trump Announces Latest Tariffs on Countries Worldwide: Rates Range from 10% to 41%, Exemption Criteria Included

The critical tariff deadline of August 1st has finally arrived. Trump has also announced the latest tariffs targeting countries around the world.

On July 31 local time, the White House website announced that U.S. President Trump had signed an executive order.The latest "reciprocal tariff" rates have been set for nearly 70 countries and regions, with specific rates ranging from 10% to 41%.。

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A uniform tax rate of 10% will apply to unspecified countries.

If a country or region circumvents tariffs through transshipment via a third country, its goods will be subject to an additional 40% tariff, replacing the additional tariff on goods from the country of origin.

The new tariffs will take effect in 7 days, officially coming into force on August 7.This move is also intended to give countries that have not reached a trade agreement time to negotiate, so that U.S. Customs has sufficient time to make the necessary changes to collect the new tariffs.

Tariff Exemption:Goods that are loaded and in their final mode of transport by 00:01 Eastern Time on August 7, 2025, and arrive in the United States by October 5, 2025, entering consumption or withdrawn from a warehouse for consumption, will not be subject to this additional tariff. This allows time for existing orders to the U.S., meaning that as long as they are shipped by August 7 and arrive at U.S. ports by October 5, they can be exempted from this tariff. The previously implemented additional tariffs (10%, excluding China) still apply.

EU Tariffs:If the tariff rate in Column 1 for an EU product is less than 15%, the corresponding countervailing tariff for that product shall be 15% minus the tariff rate in Column 1. If the tariff rate in Column 1 for an EU product is equal to or greater than 15%, the corresponding countervailing tariff for that product shall be zero.It is essentially to ensure that goods from the EU are subject to no less than a 15% tariff.

It is worth noting thatThe EU's reciprocal tariffs are not cumulative with the most-favored-nation rates, nor with other additional tariffs.。

Canadian Tariffs:In addition, Trump stated that he will raise tariffs on Canada from 25% to 35%, effective August 1. The White House said that goods that comply with the United States-Mexico-Canada Agreement (USMCA) will not be affected by the higher tariff rate.