Trump Confirms New Import Tariffs Effective August 1, Up to 70% Duties Threaten Trade Partners

Washington — U.S. President Donald Trump has confirmed that new import tariffs will take effect on August 1, 2025. Several trade partner countries are set to face significant increases in import duties, with rates ranging from 10% to 70%, depending on the bilateral trade relationship of each nation.

These tariffs are described as part of Trump’s “reciprocal” strategy, aimed at strengthening the United States’ bargaining position in upcoming trade agreements.

Warning Letters Sent to 12 Trade Partners

U.S. Commerce Secretary Howard Lutnick stated that official notifications have been sent to about 12 countries, covering nations with significant trade relationships with the U.S. The tariff rates are adjusted based on the dynamics of each bilateral trade partnership.

Tariff Strategy: A Firm Approach with a Clear Deadline

This tariff policy expands the U.S. protectionist measures that began in April with a baseline tariff of 10%. The scale now broadens to a maximum of 70%, mainly targeting countries considered less friendly toward the U.S., including some BRICS members.

The White House has reaffirmed August 1 as the final deadline for tariff implementation, following a previous delay from July 9 to allow additional room for negotiations.

Impact & Global Response

The tariff announcement immediately shook global markets. Asian stock exchanges and currencies came under pressure, although some investors still believe the policy could be renegotiated before the deadline.

Several major countries—such as Japan, the European Union, India, and Indonesia—are currently engaged in intensive talks to mitigate the tariff’s impact and secure more favorable trade deals.

Economic Impact: Inflation Risks and Supply Chain Disruptions

If enacted, the steep tariffs could drive up import prices in the United States, triggering inflation and worsening global supply chain disruptions.

On the other hand, Trump is leveraging this policy as a diplomatic pressure tool to strengthen the United States’ negotiating power in trade talks.

Conclusion: The U.S. Raises Global Trade Pressure

Trump’s tariff policy, set to take effect on August 1, 2025, marks a new escalation in the U.S. trade strategy. With duties reaching up to 70%, the White House is sending a clear message: trade partners must finalize agreements before the deadline—or face severe tariff consequences that could further destabilize the global economy.