Trump Unveils Sweeping Tariffs Impacting Global Trade Partners

President TRUMP has enacted a series of aggressive tariff measures, reshaping U.S. trade policy with immediate and delayed effects. Canada faces a 35% tariff hike effective Friday, while a 10% baseline rate applies broadly. Mexico secured a 90-day reprieve from increased duties as negotiations continue.

The administration reached a deal with South Korea, imposing 15% tariffs on imports while exempting U.S. exports. Copper markets reacted sharply to new 50% tariffs on semi-finished products, though scrap materials were exempted. The $800 de minimis exemption for low-value imports will disappear August 29.

Brazilian goods face 50% tariffs, completing a whirlwind of trade actions ahead of Trump's self-imposed deadline. These measures signal a hardening of U.S. trade positions that could Ripple through global markets.