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Trump Unveils Latest Tariff List: Tax Rates for Each Country at a Glance

Trump Unveils Latest Tariff List: Tax Rates for Each Country at a Glance

(Updated 7/12 21:33) U.S. President Donald Trump announced the "liberation day" tariffs back in April and has been engaged in trade negotiations with various countries. As the deadline for the postponement approaches, Trump has recently revealed the final tariffs for imports from numerous countries to the U.S., with 24 countries and the EU disclosing their rates, set to take effect on August 1.

Here are the changes in tariff rates:

  • First Wave List
    Japan: 24%→25%
    South Korea: 25%→25%
    Malaysia: 24%→25%
    Kazakhstan: 27%→25%
    South Africa: 30%→30%
    Laos: 48%→40%
    Myanmar: 44%→40%
    Tunisia: 28%→25%
    Indonesia: 32%→32%
    Bangladesh: 37%→35%
    Serbia: 37%→35%
    Cambodia: 49%→36%
    Thailand: 36%→36%
    Bosnia and Herzegovina: 35%→30%
  • Second Wave List
    Philippines: 17%→20%
    Brunei: 24%→25%
    Moldova: 31%→25%
    Libya: 31%→30%
    Iraq: 39%→30%
    Algeria: 30%→30%
    Sri Lanka: 44%→30%
    Brazil: 10%→50%
  • Third Wave List
    Canada: 25%→35%
  • Fourth Wave List
    EU: 20%→30%
    Mexico: 30% (already subjected to a 25% tariff due to fentanyl issues before liberation day)