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A breakdown of the new US tariffs

Madi Corr

22.07.25

Read time 1 minute

The United States’ (US) 90-day tariff pause was set to end on 9 July. However, as we inched closer to the implementation of the levies, the administration extended its trade deal deadline to 1 August.

In the meantime, President Trump has sent letters to trading partners with the tariff rates they’ll face if deals are not struck ahead of the deadline. With new rates and agreements constantly being announced, businesses are left with even more uncertainty in their long term planning.

To bring some clarity to the updates, we’ve broken these tariff updates down by industry and country:

Previously agreed trade deals¹

Vietnam: 20% on imports to the US and 40% on ‘transshipping goods’ — the process of transferring cargo from one shipping vessel to another while it’s in transit to change a product’s country-of-origin.²
United Kingdom: 25% tariff on steel and aluminium imports
China: 55% with additional tariffs paused to accommodate trade talks

Tariff rate by country/region

Effective from 1 August 2025 if alternative deals are not struck by this deadline³

Japan: 25%
European Union (EU): 30%
Mexico: 30%
South Africa: (30%)
Kazakhstan: 25%
Laos: 40%
Malaysia: 25%
Myanmar: 40%
Tunisia: 25%
Bosnia and Herzegovina: 30%
Indonesia: 32%
Bangladesh: 35%
Serbia: 35%
Cambodia: 36%
Thailand: 36%
Brazil: 50%
Philippines: 20%
Brunei: 25%
Moldova: 25%
Algeria: 30%
Libya: 30%
Iraq: 30%
Sri Lanka: 30%

Tariffs by industry

Steel and aluminium: 50% (effective 4 June 2025), with the exception of the UK’s 25% rate⁴
Automobiles and auto parts: 25% (effective 3 April 2025 and 3 May 2025, respectively)⁵
Copper: 50% (effective 1 August 2025)⁶

Learn more about how tariffs could impact your business

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Sources

“Trump's Trade Deals, Negotiations, Tariffs for Each Country.” Time Magazine, 16 July 2025, https://time.com/7300389/trump-trade-deals-tariff-letters-deadline/.
“What to Know About 'Transshipping' and U.S. Trade Deals.” Time Magazine, 4 July 2025, https://time.com/7300087/trump-us-vietnam-trade-deal-china-transshipments.
“Here's a list of Trump's tariff letters so far and the rates they threaten.” NPR, 12 July 2025, https://www.npr.org/2025/07/12/nx-s1-5463818/trump-tariff-rate-letters.
“Donald Trump doubles US steel and aluminium tariffs to 50%.” BBC, 3 June 2025, https://www.bbc.co.uk/news/articles/cj3j7z73yv2o.
“Trump announces 25% tariffs on car imports to US.” BBC, 26 March 2025, https://www.bbc.co.uk/news/articles/cly341xr45vo.
“Trump announces 50% tariff on copper effective August 1.” Reuters, 9 July 2025, https://www.reuters.com/world/us/trump-announces-50-tariff-copper-effective-august-1-2025-07-10/.

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