The US has imposed fresh import taxes on products from over 90 nations following the expiration of a negotiation deadline. These measures, set to begin on August 7, will require businesses importing foreign goods to pay additional duties, potentially leading to higher prices for American consumers.
Canada, however, faced an earlier implementation, with a 35% tariff rate taking effect on August 1—though most goods remain unaffected due to existing trade agreements. Meanwhile, Brazil has been hit with one of the steepest rates at 50%.
Talks with China have been extended until August 12, delaying further action, while Mexico secured a temporary exemption, avoiding an increase to 35% for at least 90 days.
The move has sparked debate over its economic impact, with analysts warning that the additional costs could ripple through supply chains and affect everyday purchases. The full list of affected countries highlights those with the highest volume of US imports at the top.
This development comes amid broader discussions on trade policy, with some viewing the tariffs as a negotiating tactic rather than an outright trade war. The long-term effects on global markets remain uncertain as businesses and governments adjust to the new measures.
