Trump’s new tariffs will hit these major trading partners

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In a pair of executive orders, President Donald Trump has raised tariffs on merchandise from about 70 countries, most of them set to fall into place in a week.

Trump has argued that his high-risk trade strategy will rebalance a global system that he said has been tilted against the United States – even as some economists warn that it could lead to renewed inflation and recession.

The new tariffs come after months of negotiations between the U.S. and its trade partners. Though few details have been made public, the administration has made deals with the United Kingdom, Indonesia, the Philippines, Japan, Vietnam, South Korea, Cambodia, Thailand and the European Union.

Trade talks are still ongoing with a number of other countries. Here’s where the tariffs stand now on some of the United States’ largest trading partners:

Canada

One of the executive orders that Trump signed on Thursday announced that the United States would be raising tariffs on some Canadian goods from 25 percent to 35 percent, with the higher tariffs set to go into effect Friday. The higher tariffs on Canada came after Trump posted on social media that it would be “very hard” to reach a trade deal with Canada after the country said it planned to recognize a Palestinian state.

Mexico

Trump also said on Thursday that he is again postponing planned tariffs on imports from Mexico and extending the deadline for the country to make a deal for another 90 days after speaking on the phone with Mexican President Claudia Sheinbaum. Trump’s previously promised 25 percent tariff on Mexican imports (50 percent for steel, aluminum and copper) went into effect in March.

China

The Trump administration had at one point set the tariff on goods from China, the United States’ third-largest trading partner, to 145 percent before temporarily dropping the rate to 30 percent in May. This week, Treasury Secretary Scott Bessent said that the U.S. and China have agreed to hold off on retaliatory trade measures as negotiations continue.

Europe

The European Union will face a 15 percent duty on most imports to the U.S. under a trade deal announced on Sunday following months of contentious negotiations, an improvement to the 30 percent rate that the White House had previously threatened.

The deal, a rough agreement likely to become a framework for further negotiations, was swiftly derided by European leaders and trade experts as lopsided.

Switzerland, which is not an E.U. member, is negotiating a deal separately and will face tariffs of 39 percent, according to the White House statement Thursday, up from the 31 percent tariff announced in April. The country’s Federal Council expressed “great regret” over the higher rate in a post on X and said it was analyzing the situation before deciding on next steps.

United Kingdom

The U.K. remains subject to the broad tariffs of 10 percent first announced in April, although a reduction for Britain’s automotive and aerospace industries was negotiated when the U.K. became the first country to sign a new trade pact with the U.S. in early May.

Under the deal, which came into effect June 30, 10 percent tariffs on U.K. goods like engines and aircraft parts were removed, and car export tariffs dropped from 27.5 percent to 10 percent for the first 100,000 vehicles exported to the U.S. Trump said he personally intervened to lower tariffs on “very special cars” like Rolls-Royce and Bentley when the deal was announced.

Japan

Trump said last month that he clinched a trade deal with Japan and would impose a 15 percent duty on Japanese imports – down from the 25 percent he threatened earlier last month.

In exchange, Japan will remove trade barriers for U.S. auto and agricultural imports and invest $550 billion in the United States, Trump said.

Taiwan

The Trump administration on Thursday lowered the tariff on goods from Taiwan to 20 percent, down from the 32 percent announced in April – an announcement that had spurred the Taipei stock exchange’s single largest one-day drop. Taiwan is the United States’ eighth-largest trading partner, according to federal data.

Taiwan President Lai Ching-te said at a news conference Friday that the new tariff was temporary and that the government expects to negotiate a lower figure, adding that rates for semiconductors, electronics and other information and communication technology are also still being negotiated.

South Korea

Trump announced Wednesday that he had reached a trade deal with South Korea, which was originally set to face a 25 percent tariff. Under the deal, South Korean imports will now face a 15 percent tariff rate. In exchange, South Korea – the United States’ ninth-largest trading partner – will invest $350 billion in the U.S., directed by the White House, and purchase $100 billion in American energy.

Vietnam

Trump announced a trade deal with Vietnam in early July that set a 20 percent tariff on Vietnamese goods and a 40 percent tariff on goods from countries that are shipped to American buyers via the Southeast Asian nation. The administration had previously sought to impose a 46 percent tariff on Vietnam, which the administration said has become a transshipment point for Chinese companies seeking to dodge U.S. tariffs.

India

Indian goods entering the U.S. will now be subject to a 25 percent tariff, according to Thursday’s executive order. The rate came after a barrage of social media posts from Trump this week that castigated India, the United States’ 12th-largest trading partner, for purchasing Russian arms and energy, and mockingly suggested that the country could wind up buying oil from its archrival Pakistan.

Though a trade deal with India, one of the world’s most protectionist trade regimes, had been one of the White House’s top goals over the past few months, Trump wrote on Truth Social that he planned to order a 25 percent tariff rate for Indian imports and an unspecified “penalty” as of Friday.

“I don’t care what India does with Russia,” Trump posted on Truth Social on Thursday. “They can take their dead economies down together, for all I care.”