Trump Announces Sweeping Tariff Hikes, Delays Implementation for Most Countries

President TRUMP has authorized a dramatic overhaul of U.S. trade policy, imposing new tariffs ranging from 10% to 40% on nearly every global trading partner. Canada faces an immediate hike to 35%, up from 25%, effective Friday under a separate order targeting illicit drugs.

The WHITE House delayed implementation for other nations, granting a seven-day reprieve before rates take effect. Goods shipped before August 7 will retain previous tariff levels if they arrive by October 5. This temporary concession softens what would otherwise be an immediate economic shock to global trade flows.

South Africa, Switzerland, and India are among the nations facing tariffs exceeding 30% when the measures take full effect. The MOVE represents the most significant unilateral restructuring of U.S. trade policy in decades, potentially disrupting supply chains and commodity markets worldwide.