Finance

Factbox-Trump's tariffs: What's in effect and what could be in store?

Published by Global Banking & Finance Review

Posted on August 11, 2025

3 min read

· Last updated: January 22, 2026

Add as preferred source on Google
Factbox-Trump's tariffs: What's in effect and what could be in store?
Global Banking & Finance Awards 2026 — Call for Entries

WASHINGTON (Reuters) -U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries.  Trump has set a baseline tariff of 10% on all

Factbox-Trump's tariffs: What's in effect and what could be in store?

Current and Proposed Tariff Rates

WASHINGTON (Reuters) -U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. 

Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries. 

Here is a list of targeted tariffs he has implemented or threatened to put in place.

Country-Specific Tariffs

COUNTRY-SPECIFIC TARIFFS

Afghanistan - 15%

Algeria - 30%

Angola - 15%

Bangladesh - 20%

Bolivia - 15%

Bosnia and Herzegovina - 30%

Botswana - 15%

Brazil - 50%, with lower levels for sectors such as aircraft, energy and orange juice 

Brunei - 25%

Cambodia - 19%

Cameroon - 15%

Canada - 10% on energy products, 35% for other products not covered by the U.S.-Canada-Mexico Agreement 

Chad - 15%

China - 30%, with additional tariffs on some products. This agreement, which was due to expire on August 12, has been extended for another 90 days through an executive order, according to a White House official.

Costa Rica - 15%

Cote d'Ivoire - 15%

Democratic Republic of the Congo - 15%

Ecuador - 15%

Equatorial Guinea - 15%

European Union - 15% on most goods

Falkland Islands - 10%

Fiji - 15%

Ghana - 15%

Guyana - 15%

Iceland - 15%

India - 25%, additional 25% threatened to take effect Aug. 28

Indonesia - 19%

Iraq - 35%

Israel - 15%

Japan - 15%

Jordan - 15%

Kazakhstan - 25%

Laos - 40%

Lesotho - 15%

Libya - 30%

Liechtenstein - 15%

Madagascar - 15%

Malawi - 15%

Malaysia - 19%

Mauritius - 15%

Mexico - 25% for products not covered by USMCA

Moldova - 25% 

Mozambique - 15%

Myanmar - 40%

Namibia - 15%

Nauru - 15%

New Zealand - 15%

Nicaragua - 18%

Nigeria - 15%

North Macedonia - 15%

Norway - 15%

Pakistan - 19%

Papua New Guinea - 15%

Philippines - 19%

Serbia - 35%

South Africa - 30%

South Korea - 15%

Sri Lanka - 20%

Switzerland - 39%

Syria - 41%

Taiwan - 20%

Thailand - 19%

Trinidad and Tobago - 15%

Tunisia - 25%

Turkey - 15%

Uganda - 15%

United Kingdom - 10%, with some auto and metal imports exempt from higher global rates

Vanuatu - 15%

Vietnam - 20% for some products, 40% on transshipments from third countries

Zambia - 15%

Zimbabwe - 15%

Product-Specific Tariffs

PRODUCT-SPECIFIC TARIFFS

Steel and aluminum - 50%

Autos and auto parts - 25%

Copper pipes, tubes and other semi-finished products - 50% 

Threatened Tariffs

PRODUCT-SPECIFIC TARIFFS THREATENED BUT NOT IN EFFECT

Pharmaceuticals - up to 200%

Semiconductors - 25% or higher

Movies - 100%

Timber and lumber

Critical minerals

Aircraft, engines and parts

Apple iPhones - 25%

(Reporting by Andy Sullivan; Additional reporting by Pritam Biswas; Editing by Cynthia Osterman; Chizu Nomiyama, Sandra Maler and Shreya Biswas)

Key Takeaways

  • Trump has imposed a baseline tariff of 10% on all imports.
  • Additional tariffs target specific countries and products.
  • Country-specific tariffs range from 10% to 50%.
  • Product-specific tariffs include 50% on steel and aluminum.
  • Threatened tariffs could affect pharmaceuticals and semiconductors.

Frequently Asked Questions

What is the baseline tariff set by Trump?
Trump has set a baseline tariff of 10% on all imports to the United States, along with additional duties on certain products or countries.
Which country has the highest tariff imposed by Trump?
Brazil has a tariff of 50%, although lower levels apply to specific sectors such as aircraft and energy.
What are some product-specific tariffs currently in effect?
Currently, there are product-specific tariffs such as 50% on steel and aluminum, and 25% on autos and auto parts.
Are there any tariffs threatened but not yet in effect?
Yes, tariffs threatened but not in effect include up to 200% on pharmaceuticals and 25% or higher on semiconductors.
How do tariffs impact international trade?
Tariffs can significantly affect international trade by increasing the cost of imported goods, which may lead to trade wars and retaliatory measures from other countries.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category