The new US tariffs should actually apply to imports from abroad from today. But the start was postponed for a few days. From August 7th, most tariffs come into force – how hard it hits which states.
US President Donald Trump spoke of a “big day for America”: Actually, the new customs regime was supposed to come into force this Friday, August 1st. But the US government announced that it should only apply from August 7th. The White House justified the shift by giving the border and customs authorities more time to implement the new system.
In total, the list of customs sets for almost 70 countries published yesterday evening – including the European Union (EU), Japan and other important trading partners in the USA. They are between ten and 50 percent. An overview.
European Union
Customs of 15 percent on most EU products including cars: This is the agreement that Trump and EU Commission chief Ursula von der Leyen have achieved. According to Trump, the Europeans are also supposed to buy US energy for $ 750 billion and make investments of $ 600 billion in the United States. Chancellor Friedrich Merz (CDU) fears “considerable damage” for the German economy, and there is also a risk of emigration from jobs to the USA. A government official confirmed that the postponement of the start also applies to 15 percent of the EU.
The German foreign traders criticize this back and forth in the introduction of the planned new US tariffs. “Worse than the tariffs itself is now the uncertainty for us dealers,” said the President of the Federal Association of Wholesale, Foreign Trade, Services (BGA), Dirk Jandura. “Initations have a half -life of less than a week: If you go to sleep in the evening, you don’t know which tariffs you wake up in the morning.” That is poison for exports.
Japan and South Korea
The two countries have concluded agreements similar to the EU to avoid significantly higher tariffs: In deliveries to the USA, 15 percent inches are due on most products. According to Trump, Japan also wants to open its market for US cars and trucks as well as rice and has promised investments of $ 550 billion in the USA. South Korea therefore assured $ 350 billion in investments and wants to buy US liquid gas for $ 100 billion.
Switzerland
Switzerland is now 39 percent one of the countries that meet it hardest. Originally 31 percent were planned. Switzerland continues to hope for a negotiating solution. The government had admitted Trump’s announcement “with great regret”, said a spokesman for the Ministry of Finance. The 39 percent deviated “clearly” from the draft of a common declaration of intent.
The Economiesuisse Economic Association spoke of unjustified tariffs that are “a very serious burden on the Swiss economy”. Switzerland is the most important foreign investor in the United States. Swiss companies created around 400,000 jobs there. The United States is by far the largest sales market for Swiss companies. Exports accounted for CHF 65.3 billion last year, almost 17 percent of total exports.
Brazil
Trump announced the highest customs surcharge against Brazil: 50 percent. Ten percent are recorded in the current customs list. In addition, 40 percent should be added to Brazilian products from next Wednesday, as Trump announced. However, he excluded sectors such as planes and energy.
The reason is the law enforcement of the former Brazilian president and Trump friend Jair Bolsonaro. President Luiz Inácio Lula da Silva speaks of “extortion”. Because Trump wants to influence a decision by the Supreme Court in Brazil. The indictment accuses Bolsonaro of a coup attempt after his deselection in 2022.
Syria, Laos, Myanmar and Iraq
Syria also received further peak fountains with 41 percent, Laos and Myanmar with 40 percent and Iraq with 35 percent.
India
25 percent inches are due for US imports from India after negotiations on access to the Indian agricultural market have stalled. Trump also threatens India with a “punishment” because the country continues to buy cheap russian oil and gas and weapons, regardless of the war of aggression against Ukraine. In the room there is the threat of around 100 percent tariffs that could apply from the end of the next week. Other Russian trading partners such as China and Brazil could also hit these so -called secondary sanctions.
Indonesia and Vietnam
Indonesia has accepted a 19 percent duty rate, Vietnam of 20 percent. According to Trump, Indonesia has also committed to buying 50 aircraft from the US manufacturer Boeing. In addition, it should pay $ 15 billion for US energy deliveries and another $ 4.5 billion for agricultural products.
Canada and Mexico
The measure is particularly hard for the direct neighbors of the United States: Canadian products are to be provided with a 25 percent surcharge with a 25 percent inch instead of 25 percent. Trump justified this with an alleged lack of cooperation in the fight against illegal drug smuggling. He also explained that the planned recognition of a Palestinian state by the G7 state made a trade agreement “very difficult”.
The US President, on the other hand, agreed to an extension of the deadline by 90 days. For the time being, the country will escape the tariff to 30 percent. The increase in customs increase for Mexico announced for the 1st August was avoided, President Claudia Sheinbaum wrote in a contribution on social media and added that the conversation with Trump was “very good”.
Trump is particularly responsible for Mexico for the spread of opioid fentanyl in the USA. In his first term (2017 to 2021), the president had concluded a new free trade agreement with Canada and Mexico, which he partially resigned after taking office in January.
China and Taiwan
China has not yet reached an agreement with the Trump government, but both sides signaled the will on continued negotiations this week. US Finance Minister Scott Bessent told the CNBC broadcaster that the foundations for an agreement were made, but this was not yet 100 percent finished. For an understanding with Beijing, there is a deadline until August 12th.
The Taiwanese government has described the 20 percent customs set imposed on Taiwan as “temporarily” and wants to negotiate a lower sentence. “As soon as a final agreement is reached, the duty rate will probably be reduced,” says a statement by the cabinet.
Australia
For example, the basic customs set still applies to Australian goods. “We are in the best possible position under the new customs regime of the United States, but we will continue to work for the abolition of all tariffs in accordance with our free trade agreement,” said a spokesman for the Australian Minister of Commerce Don Farrell. The United States traditionally has a commercial surplus with Australia.
Other
Other states, on the other hand, expect significantly higher tariffs. This includes South Africa (30 percent). For countries that are not listed by name in the list, a general duty rate of ten percent applies, including Norway, Iceland or Israel.
Special regulations For metals
For US imports of copper, surcharges of 50 percent take effect-but according to a new Trump decree, only processed copper. The president justifies this with the strategic importance of the metal, including in the manufacture of semiconductors, aircraft and ammunition. The special tariffs on steel and aluminum of 50 percent also remain despite the customs cleaning.
With information from Till Bücker, ARD finance editor.
