Trump Revises Tariffs For Dozens Countries Effective August 7

President Donald Trump announced a revised tariff plan imposing new import levies ranging up to 41% on goods from dozens of countries, aiming to reduce the U.S. trade deficit and protect national security. The tariffs, set to take effect on August 7, include increased rates for countries such as Syria (41%), Laos and Myanmar (40%), Switzerland (39%), and others, while some nations like Pakistan saw their rates reduced to 19%. A 'universal' 10% tariff rate will remain but only apply to countries with which the U.S. has a trade surplus; countries with trade deficits will face a minimum 15% tariff. Trump’s administration emphasized that these reciprocal tariffs are a key tool to prioritize American economic interests after years of imbalanced trade. The tariffs cover 68 countries plus the European Union, with some exceptions and special conditions, and include sector-specific duties such as on copper. The White House delayed implementation to August 7 to allow U.S. Customs and Border Protection to adjust to the new policies.