New Trump tariffs take effect
Sweeping new tariffs on more than 90 countries take effect, pushing U.S. duties to their highest rate in a century with the promise of more to come. The President also announced 100% duties on computer chips
TARIFFS AND TRADE DEALS
Baseline 10%
15-19%
20-29%
30-39%
40-50%
Deal agreed
Negotiating deal
China: Aug 12 deadline.
Current rate 30%
UK 10%
EU 15%
Japan 15%
Korea 15%
Philippines 20%
Vietnam 20%
Indonesia 19%
Mexico: Nov 4 deadline.
Current rate 25%
HIGHEST NEW TARIFF RATES
Punishing 50% rate on Brazil – for prosecution of Trump ally Jair Bolsonaro – and India, with a deadline of Aug 27, for buying Russian oil
Brazil, India
Syria
Laos, Myanmar
Switzerland
Canada, Iraq, Serbia
South Africa, Algeria, Bosnia, Libya
Kazakhstan, Moldova, Tunisia
Taiwan, Bangladesh, Sri Lanka
50%
41%
40%
39%
35%
30%
25%
20
20%
Sources: BBC, Financial Times, NYT
© GRAPHIC NEWS