Trump’s New Tariffs to Hit 68 Nations from August 7: Who Has a Deal and Who Doesn’t

Trump’s new tariffs, ranging from 10% to 41%, will take effect on August 7 for 68 nations and the EU. Countries without trade deals—including India, Taiwan, and South Africa—face steep duties. While some nations secured last-minute agreements, many remain uncertain as U.S. businesses brace for higher import costs.

The United States under President Donald Trump is set to impose new tariffs ranging from 10% to 41% on exports from 68 countries and the European Union starting August 7. The move, aimed at boosting domestic manufacturing, has rattled global trade dynamics, especially for nations still negotiating deals with Washington.

Countries without finalized trade agreements—including India, Canada, Taiwan, South Africa, Bangladesh, Sri Lanka, and Lesotho—will face tariffs as high as 40%. India has been hit with a 25% tariff, partly due to its ongoing energy ties with Russia. Brazil faces a steep 50% duty, though key sectors like aircraft and energy have been exempted.

The White House initially set the tariff deadline for August 1 but postponed it by a week to allow final adjustments. Despite previous delays, officials have signaled that no further extensions will be granted.

While major partners like the UK, EU, and Japan have secured deals, they too are facing higher tariffs than in the pre-Trump era. South Korea and Pakistan recently concluded trade agreements, lowering their tariff rates to 15% and opening up new cooperation areas such as energy development.

Countries like Algeria (30%), Iraq (35%), and Syria (41%) are among those hit hardest. Smaller nations like Lesotho, which previously faced a 50% tariff, now face a 15% duty—an impact that has already devastated its garment industry.

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Trump defends the strategy as necessary to reduce trade deficits and bring manufacturing jobs back to America. However, economists warn that the costs are likely to be passed on to U.S. businesses and consumers, driving inflation and reducing purchasing power.

With only days left before implementation, many governments remain in limbo, scrambling for relief through rushed negotiations or preparing to absorb the economic fallout.