United States President Donald Trump announced the entry into force of a new package of comprehensive tariffs on dozens of countries, marking another sharp turn in American trade policy.
“IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE FLOWING INTO THE USA!” Trump wrote on his favorite social platform just before midnight, confirming the official launch of the new tariffs.
Under the package, India has been hit with a 50% tariff, set to take effect on August 27, unless the country stops importing oil from Russia. Apple, in response to a threatened 100% tariff on chips made outside the US, announced a record $100 billion investment in manufacturing capacity within the US.
Among the most affected countries are:
Laos, Myanmar and Brazil, with tariffs ranging from 40% to 50%
The European Union, which has accepted a 15% tariff
Taiwan, which currently faces a 20% tariff
Canada, with a significant 35% tariff
Mexico, which has benefited from a 90-day tariff suspension
Meanwhile, China and the US are holding intensive negotiations ahead of the expiration of the current tariff pause on August 12, in an effort to avoid a further escalation of trade tensions between the world's two largest economic powers.
The Trump administration has justified this approach with the aim of strengthening domestic industry, ending dependence on strategic imports, and "bringing American economic power back home."
However, the decision has sparked mixed international reactions and concerns in global markets, with analysts warning of potential consequences for supply chains and rising prices for American consumers.
