The US has announced a sweeping revision of global tariff rates targeting several countries and the European Union , citing national security and trade imbalance concerns. The move, formalised through an Executive Order signed by President Donald Trump , will see tariffs ranging from 10 per cent to over 41 per cent, with differential rates based on geopolitical risk, economic alignment, and trade volume.
While countries like Laos, Syria, and Myanmar will face steep new levies of 40 per cent and above, others like the United Kingdom and Brazil have been relatively spared, facing tariffs as low as 10 per cent. The revised rates will take effect August 7, with no grace period for delayed implementation.
Also read: 25% on India, 19% on Pakistan, 35% on Iraq- Full list of US tariff rates announced by Donald Trump; who’s worst-hit?
Hardest-hit countries: Steepest tariffs slapped
These countries face the highest tariff hikes under the new order, either due to perceived geopolitical risks, trade imbalances, or links to sanctioned economies like Russia:
Switzerland and Serbia have been placed on the high-tariff list due to financial opacity and trade circumvention concerns. Iraq and Libya face penalties tied to instability and energy trade patterns.
Least impacted countries: Lower duties imposed
These countries have either successfully negotiated lower tariffs or are deemed less strategically problematic by Washington:
The UK and Brazil are among the few large economies to receive a 10 per cent tariff, seen as a signal of ongoing diplomatic engagement. Smaller nations with minimal trade volumes or compliant trade practices have been kept at baseline rates of 15 per cent.
Additionally, countries not mentioned in the Thursday’s executive order will be still be subjected to a standard 10 per cent baseline tariff.
India in the middle
India has been placed in the 25 per cent tariff bracket, placing it among the high-tariffed nations under the revised US tariff regime — though not among the highest, which go up to to 41 per cent.
The 25% tariff move on India was partly attributed to India's continued oil trade with Russia and long-standing concerns in Washington over trade imbalances, claimed by Trump. While not the steepest hike, the rate marks a clear escalation compared to the 10-15 per cent baseline applied to several other countries.
While countries like Laos, Syria, and Myanmar will face steep new levies of 40 per cent and above, others like the United Kingdom and Brazil have been relatively spared, facing tariffs as low as 10 per cent. The revised rates will take effect August 7, with no grace period for delayed implementation.
Also read: 25% on India, 19% on Pakistan, 35% on Iraq- Full list of US tariff rates announced by Donald Trump; who’s worst-hit?
Hardest-hit countries: Steepest tariffs slapped
These countries face the highest tariff hikes under the new order, either due to perceived geopolitical risks, trade imbalances, or links to sanctioned economies like Russia:
Switzerland and Serbia have been placed on the high-tariff list due to financial opacity and trade circumvention concerns. Iraq and Libya face penalties tied to instability and energy trade patterns.
Least impacted countries: Lower duties imposed
These countries have either successfully negotiated lower tariffs or are deemed less strategically problematic by Washington:
The UK and Brazil are among the few large economies to receive a 10 per cent tariff, seen as a signal of ongoing diplomatic engagement. Smaller nations with minimal trade volumes or compliant trade practices have been kept at baseline rates of 15 per cent.
Additionally, countries not mentioned in the Thursday’s executive order will be still be subjected to a standard 10 per cent baseline tariff.
India in the middle
India has been placed in the 25 per cent tariff bracket, placing it among the high-tariffed nations under the revised US tariff regime — though not among the highest, which go up to to 41 per cent.
The 25% tariff move on India was partly attributed to India's continued oil trade with Russia and long-standing concerns in Washington over trade imbalances, claimed by Trump. While not the steepest hike, the rate marks a clear escalation compared to the 10-15 per cent baseline applied to several other countries.
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