US President Donald Trump has announced sweeping new tariffs on imports from dozens of countries, invoking emergency powers to address what he calls “persistent and damaging” trade deficits.
With the newly announced 25 per cent additional tariff on imports, India has now joined Brazil at the top of the list of countries facing the highest import taxes under the Trump administration’s adjusted tariff regime, with both countries now facing a total levy of 50 per cent.
The latest move, announced on Wednesday, is a direct response to what Washington described as India’s “continued” import of Russian oil, despite previous warnings.
Brazil, which was previously subject to a 10 per cent reciprocal tariff, now faces an additional 40 per cent levy. The move, linked to the prosecution of former President Jair Bolsonaro, brings its total tariff burden in line with India’s at 50 per cent.
The White House order, issued just hours before the original deadline on August 7, lists increased import duty rates for 69 US trading partners, taking effect the same day. However, there is a 21-day window before the newly announced additional 25 per cent tariff on Indian imports comes into effect, i.e., August 27.
HERE’S THE FULL LIST OF COUNTRIES FACING ADJUSTED IMPORT TARIFFS:
India: 50%
Brazil: 50%
Syria: 41%
Laos: 40%
Myanmar: 40%
Switzerland: 39%
Iraq: 35%
Serbia: 35%
Bosnia and Herzegovina: 30%
Libya: 30%
South Africa: 30%
Brunei: 25%
Kazakhstan: 25%
Moldova: 25%
Tunisia: 25%
Indonesia: 19%
Cambodia: 19%
Malaysia: 19%
Pakistan: 19%
Philippines: 19%
Bangladesh: 20%
Sri Lanka: 20%
Taiwan: 20%
Vietnam: 20%
Nicaragua: 18%
Afghanistan: 15%
Algeria: 15%
Bolivia: 15%
Botswana: 15%
Cameroon: 15%
Chad: 15%
Costa Rica: 15%
Cte d’Ivoire: 15%
Democratic Republic of the Congo: 15%
Ecuador: 15%
Equatorial Guinea: 15%
Fiji: 15%
Ghana: 15%
Guyana: 15%
Iceland: 15%
Israel: 15%
Japan: 15%
Jordan: 15%
Lesotho: 15%
Liechtenstein: 15%
Madagascar: 15%
Malawi: 15%
Mauritius: 15%
Mozambique: 15%
Namibia: 15%
Nauru: 15%
New Zealand: 15%
Nigeria: 15%
North Macedonia: 15%
Norway: 15%
Papua New Guinea: 15%
South Korea: 15%
Trinidad and Tobago: 15%
Turkey: 15%
Uganda: 15%
Vanuatu: 15%
Venezuela: 15%
Zambia: 15%
Zimbabwe: 15%
United Kingdom: 10%
Falkland Islands: 10%
European Union: 0%–15%
– Ends
With inputs from Reuters
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