Donald Trump’s Tariffs: New Rates To Begin On August 7

US President Donald Trump modified reciprocal tariff rates for dozens of countries in an executive order. The new tariffs will go into effect in seven days, beginning August 7, 2025. (File Photo)

In the order, Trump announced new tariffs of up to 41 per cent on goods imported from multiple countries, citing emergency powers he says he is using to shrink the country’s trade deficits with many of its trade partners. (File Photo)

This came just a few hours ahead of the United States’ August 1 trade deadline. (File Photo)

India has been levied a 25 per cent tariff rate, effective August 7. "India is our friend, but we have… done relatively little business with them because their tariffs are far too high… and they have the most strenuous and obnoxious non‑monetary trade barriers of any country," President Trump earlier wrote. (File Photo)

Pakistan has been hit with 19 per cent Trump tariffs, despite their oil and trade deals. (File Photo)

The White House said that the "universal" tariff for goods coming into the US will remain at 10 per cent, the same level that was implemented on April 2. (File photo)

However, that 10 per cent rate will apply only to countries with which the US has a trade surplus, countries to which the United States exports more than it imports. (File Photo)

According to the new order, a 15 per cent rate will serve as the new tariff floor for countries with which the United States has a trade deficit. With this, nearly 40 countries will pay the new 15 per cent tariff. (File Photo)

The White House also identified 26 countries whose goods will be subjected to US tariffs greater than 15 per cent. A senior administration official claimed these countries have excessive trade deficits with the United States. (File Photo)