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2025-08-01 18:05:35
[Trade War Reignites: How Will Trump's New Tariffs Affect the World?] ⑴ US President Trump's new round of tariffs will take effect next Thursday, and the rates for several major trading partners have already surfaced. ⑵ Brazil will be subject to a 50% tariff, Canada to 35%, and Switzerland to a whopping 39%. ⑶ The EU, Japan, and South Korea, under the latest agreement, will face a 15% tariff, while India faces a 25% tariff and may face additional penalties for its dealings with Russia. ⑷ Mexico's tariff rate is 25%, but it has agreed to maintain this rate for 90 days on goods not covered by the USMCA. ⑸ The UK and Vietnam have relatively lower rates of 10% and 20%, respectively. ⑹ China and the US discussed this week extending the truce, which expires on August 12, but have yet to reach an agreement. ⑺ These tariff measures have sparked concerns among relevant countries and markets, with Switzerland, for example, expressing "deep regret." ⑻ This series of tariff measures will have a profound impact on the global trade landscape and may exacerbate market uncertainty.
