Trump tariffs: Canada rate raised as deal deadline hits

• US announces raising Canada trade tariffs from 25% to 35%
• President Trump signs order to slap higher tariffs on dozens of countries
• These new tariffs will go into effect in seven days, but the higher levies on Canadian goods will be imposed on Friday 
• Trump's announcement comes hours ahead of a trade deal deadline on August 1

Here's a roundup of the latest developments surrounding Trump's tariffs on Friday, August 1:

08/01/2025August 1, 2025

Thailand, Cambodia welcome new US tariff rate

The governments of two Southeast Asian countries, Thailand and Cambodia, welcomed the 19% levy Washington announced for them, which are substantially lower than the rates Trump announced in April.

In April, Trump had announced "discounted reciprocal tariffs" of 36% on Thai goods and 49% on Cambodian products. 

"This is the best news for the people and economy of Cambodia to continue to develop the country," Cambodia's Prime Minister Hun Manet wrote in a Facebook post.

A Thai government spokesperson, meanwhile, called it a "major success."

"This finalized deal, setting US import tariffs at 19%, marks a major success for Thailand," Thai government spokesman Jirayu Huangsab said in a statement.

"It represents a win-win approach aimed at preserving Thailand's export base and long-term economic stability."

The tariff announcement came days after the US president intervened to help broker a ceasefire between Thailand and Cambodia following days of heavy border clashes between the two neighbors, which left over 40 people dead and hundreds of thousands displaced.

08/01/2025August 1, 2025

US announces raising Canada trade tariffs from 25% to 35%

US President Donald Trump signed an executive order raising tariffs on Canadian goods to 35% from 25% on all products not covered by the US-Mexico-Canada (USMCA) trade agreement, the White House said.

It added that goods transshipped to another country to evade the new tariffs will be subject to a transshipment levy of 40%.

The increased tariff was the result of Canada's "continued inaction and retaliation," Washington said.

"We haven't spoken to Canada today. He's (Carney) called and we'll, we'll see," Trump told reporters during an event at the White House before the 35% rate was announced.

These tariffs on Canadian goods will be imposed on Friday. 

08/01/2025August 1, 2025

Trump slaps higher tariffs on dozens of countries

President Donald Trump's imposed higher tariffs ranging from 10% to 41% on a number of economies.

Rates were set at 25% for India's exports to the US, 20% for Taiwan's, 30% for South Africa's and as high as 41% for Syria's.

The tariff rate for Pakistan stands at 19%, while Israel, Iceland, Fiji, Ghana, Guyana and Ecuador will all be charged at 15%.

The impoverished African nation of Lesotho, which had initially faced a 50% tariff, will now be hit with a 15% levy.

08/01/2025August 1, 2025

Trump signs order for new tariffs to go into effect in 7 days

The president has signed an executive order that would have new tariffs on a number of US trading partners to go into effect in seven days, on August 7, and not August 1.

The order applies to 68 countries and the 27-member European Union.

Some of them had reached tariff-reducing deals but others had no opportunity to negotiate with Washington.

Countries not listed in the order would face a baseline 10% tariff.

The reason for this delay is the government needs time to harmonize the tariff rates, the AP news agency quoted a senior US official as saying.

08/01/2025August 1, 2025

Trump tariffs: Where do we stand as deadline expires

Uwe Hessler

Countries whose exports are facing sweeping US tariffs have been in a scramble recently to sign trade deals.

While some have been successful, others are facing the prospect of no deal and increased levies.

Read the full story about where we stand as Trump's self-imposed tariff deadline approaches.

08/01/2025August 1, 2025

Welcome to our coverage

Welcome to DW's coverage of the global trade developments as US President Donald Trump's tariff deadline approaches.

Trump originally announced his sweeping "reciprocal" tariffs on US trade partners on April 2 but days later paused their implementation for 90 days to allow for talks with US trading partners.

While some major economies like Japan, the European Union and South Korea struck trade framework deals with Washington, others such as India, Brazil and Canada haven't yet managed to reach an agreement, leaving their exports to the US facing much higher tariffs.

Stay tuned for the latest updates and analysis on what all this means for the world economy.