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Tariff Update: Reciprocal Tariffs and Other Recent Changes

August 8, 2025
Estimated Read Time: 3 mins

On August 7, 2025, President Trump's reciprocal tariffs fully came into effect. The overall U.S. effective tariff rate has now risen to an estimated 18.6%, which is the highest rate since 1934. Several countries continue to negotiate the applied tariff rates.

The Current Reciprocal Tariffs

These reciprocal tariffs are pursuant to the July 31, 2025, Executive Order titled “Further Modifying the Reciprocal Tariff Rates”. That Executive Order builds on the Liberation Day Executive Order, which initially set the reciprocal tariff rates. See our earlier blog on reciprocal tariffs. These current rates were initially expected to take effect August 1, 2025. However, the most recent Executive Order provided one additional week until the reciprocal rates took effect. The Executive Order also further updates the tariff rates for certain countries. As a reminder, these tariffs generally stack on top of other tariffs (other than the Section 232 tariffs).

The table below provides the current reciprocal tariff rates in effect. The global rate remains unaffected; if a country is not listed below, the global 10% tariff baseline applies.

CountryImposed Reciprocal rate (%)
Afghanistan15
Algeria30
Angola15
Bangladesh20
Bolivia15
Bosnia and Herzegovina30
Botswana15
Brazil10
Britain10
Brunei25
Cambodia19
Cameroon15
Chad15
China10
Costa Rica15
Cote d'Ivoire15
Dem. Rep. Congo15
Ecuador15
Equatorial Guinea15
Fiji15
Ghana15
Guyana15
Iceland15
India25
Indonesia19
Iraq35
Israel15
Japan15
Jordan15
Kazakhstan25
Laos40
Lesotho15
Libya30
Liechtenstein15
Madagascar15
Malawi15
Malaysia19
Mauritius15
Moldova25
Mozambique15
Myanmar40
Namibia15
Nauru15
New Zealand15
Nicaragua18
Nigeria15
North Macedonia15
Norway15
Pakistan19
Papua New Guinea15
Philippines19
South Africa30
South Korea15
Sri Lanka20
Switzerland39
Syria41
Taiwan20
Thailand19
Trinidad and Tobago15
Tunisia25
Turkey15
Uganda15
Vanuatu15
Venezuela15
Vietnam20
Zambia15
Zimbabwe15

Other Recent Key Tariff Updates

In addition to the reciprocal tariff Executive Order, there have been other notable developments in tariffs over the past week:

  • Brazil: In addition to the 10% reciprocal rate, imports from Brazil are also subject to an additional 40% tariff for a total of 50%. On July 30, 2025, President Trump issued a separate Executive Order imposing that additional 40% tariff. The Executive Order includes certain exceptions in the annexes.
  • European Union: The EU-U.S. trade deal has established a ceiling rate of 15% on most EU imports. To confirm, that ceiling does not appear to limit the tariffs imposed under some Section 232 investigations, so steel, aluminum, and copper remain subject to the 50% Section 232 tariff rate. However, autos and auto parts, pharmaceuticals, and semiconductors will be subject to a ceiling rate of 15%.
  • United Kingdom: The UK has secured a 10% tariff rate. The General Terms of the UK-U.S. Economic Prosperity Deal also require the U.S. to negotiate “significantly preferential treatment” after the results of forthcoming Section 232 investigations.
  • China: China's tariff rate is set to increase from 10% to 34% on August 12, 2025 as part of the expiration of a temporary suspension.
  • Canada: Effective for imports made as of August 1, 2025, Trump issued an Executive Order raising the tariff rate for Canadian imports from 25% to 35%.
  • Mexico: The tariff on imports from Mexico was set to increase to 30% on August 1, 2025, but that increased rate has been delayed for 90 days to allow for more negotiations.
Tags: Tariff

Disclaimer: This alert is provided for information purposes only and does not constitute legal advice and is not intended to form an attorney client relationship. Please contact your Sheppard attorney contact for additional information.

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