50 Countries, including Pakistan and Bangladesh, have tariff rates lower than India. Complete list here


While US President Donald Trump imposed on India 25% tariff plus a “penalty” if New Delhi buys fuel and military hardware from Russia, he imposed lower tariffs on more than 50 countries, including Pakistan and Bangladesh. See the list here.

Donald Trump, President, US (File Image)

While US President Donald Trump imposed on India 25% tariff plus a “penalty” if New Delhi buys fuel and military hardware from Russia, he imposed lower tariffs on more than 50 countries, including Pakistan and Bangladesh. He also signed trade deals with significant partners like the European Union, Japan and South Korea. While Mexico was given another 90 days, China faces an August 12 deadline to sign a deal with the US. The US president issued an order Thursday imposing import duty rates from 10% to 41% on 69 trading partners, beginning August 7. 

Canada

Donald Trump issued a separate order for Canada, raising the tariff rate from 25% to 35% and said that the second-largest US trading partner after Mexico had “failed to cooperate” in curbing fentanyl flows into the US.

Mexico

While a 90-day window was offered to Mexico to reach a trade deal, the president said the US would continue to levy a 50% tariff on Mexican steel, aluminium and copper and a 25% tariff on Mexican autos. He avoided a 30% tariff on most Mexican non-automotive and non-metal goods compliant with the US-Mexico-Canada Agreement. 

China

Though the US and China have reached an agreement on most of the contentious issues, the deal is yet to be signed and further actions loom large if Beijing fails to sign the deal by August 12. 

Brazil

After Brazil refused to stop the prosecution of Trump’s friend and former President Jair Bolsonaro, the US President imposed a massive 50% tariff on the goods coming from this Latin American country. However, he softened his stand and excluded sectors like aircraft, energy and orange juice from higher tariffs. 

 

Complete Tariff List

ANNEX I





Countries and Territories
Reciprocal Tariff, Adjusted




Afghanistan
15%


Algeria
30%


Angola
15%


Bangladesh
20%


Bolivia
15%


Bosnia and Herzegovina
30%


Botswana
15%


Brazil
10%


Brunei
25%


Cambodia
19%


Cameroon
15%


Chad
15%


Costa Rica
15%


Côte d`Ivoire
15%


Democratic Republic of the Congo
15%


Ecuador
15%


Equatorial Guinea
15%


European Union: Goods with Column 1 Duty Rate[1] > 15%
0%


European Union: Goods with Column 1 Duty Rate
15% minus Column 1 Duty Rate


Falkland Islands
10%


Fiji
15%


Ghana
15%


Guyana
15%


Iceland
15%


India
25%


Indonesia
19%


Iraq
35%


Israel
15%


Japan
15%


Jordan
15%


Kazakhstan
25%


Laos
40%


Lesotho
15%


Libya
30%


Liechtenstein
15%


Madagascar
15%


Malawi
15%


Malaysia
19%


Mauritius
15%


Moldova
25%


Mozambique
15%






Myanmar (Burma)
40%


Namibia
15%


Nauru
15%


New Zealand
15%


Nicaragua
18%


Nigeria
15%


North Macedonia
15%


Norway
15%


Pakistan
19%


Papua New Guinea
15%


Philippines
19%


Serbia
35%


South Africa
30%


South Korea
15%


Sri Lanka
20%


Switzerland
39%


Syria
41%


Taiwan
20%


Thailand
19%


Trinidad and Tobago
15%


Tunisia
25%


Turkey
15%


Uganda
15%


United Kingdom
10%


Vanuatu
15%


Venezuela
15%


Vietnam
20%


Zambia
15%


Zimbabwe
15%


 


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