The Japan Times - Trump's tariff threats and delays: state of play

EUR -
AED 4.099459
AFN 72.55656
ALL 90.854432
AMD 403.236651
ANG 1.997863
AOA 1024.725669
ARS 1725.716503
AUD 1.620032
AWG 2.009266
AZN 1.908969
BAM 1.95792
BBD 2.251649
BDT 139.310855
BGN 1.951032
BHD 0.422353
BIF 3344.903956
BMD 1.116259
BND 1.432558
BOB 13.416528
BRL 6.156839
BSD 1.11797
BTN 104.985685
BWP 15.400226
BYN 3.347906
BYR 21878.671669
BZD 2.248447
CAD 1.574248
CDF 2589.720669
CHF 0.914947
CLF 0.0277
CLP 1090.183107
CNY 7.452703
CNH 7.448895
COP 3616.432801
CRC 507.00375
CUC 1.116259
CUP 26.831195
CVE 110.384532
CZK 24.322276
DJF 199.07927
DKK 7.475501
DOP 67.930698
DZD 152.243187
EGP 60.341267
ERN 16.743881
ETB 183.485227
FJD 2.528995
FKP 0.835844
GBP 0.834074
GEL 2.896647
GGP 0.835844
GHS 13.069152
GIP 0.835844
GMD 83.157879
GNF 9901.932318
GTQ 8.547256
GYD 234.483915
HKD 8.751658
HNL 30.047001
HRK 7.555967
HTG 146.496769
HUF 362.944278
IDR 20214.050795
ILS 3.540654
IMP 0.835844
INR 104.731751
IQD 1695.636147
IRR 2111239.352217
ISK 136.8083
JEP 0.835844
JMD 177.430274
JOD 0.791445
JPY 176.643491
KES 145.068585
KGS 97.614372
KHR 4554.728771
KMF 493.386409
KPW 1004.632839
KRW 1507.256269
KWD 0.347224
KYD 0.931779
KZT 501.111442
LAK 25151.180911
LBP 100111.977802
LKR 371.774398
LRD 190.145903
LSL 18.488377
LTL 3.296022
LVL 0.675214
LYD 7.154286
MAD 10.933439
MDL 19.982972
MGA 5080.04349
MKD 61.557339
MMK 2343.536588
MNT 4019.833098
MOP 9.028977
MRU 45.135041
MUR 52.498031
MVR 17.176539
MWK 1938.561406
MXN 20.74952
MYR 4.533466
MZN 71.324403
NAD 18.488791
NGN 1506.414005
NIO 41.14465
NOK 10.535418
NPR 167.895587
NZD 1.993449
OMR 0.429201
PAB 1.118611
PEN 3.853072
PGK 5.095167
PHP 70.632393
PKR 309.195541
PLN 4.391217
PYG 6988.186673
QAR 4.088627
RON 5.333257
RSD 117.643055
RUB 91.531628
RWF 1650.125559
SAR 4.197709
SBD 8.984301
SCR 15.692146
SDG 671.429609
SEK 11.013898
SGD 1.42957
SHP 0.835992
SLE 25.617714
SLL 23407.392948
SOS 638.897077
SRD 41.952909
STD 23104.302586
STN 24.515236
SVC 9.786598
SYP 14513.596028
SZL 18.482073
THB 37.355611
TJS 10.318073
TMT 3.906906
TND 3.346924
TOP 2.687683
TRY 56.014648
TTD 7.581576
TWD 36.663741
TZS 2954.045111
UAH 50.646343
UGX 4574.954062
USD 1.116259
UYU 44.998728
UZS 13346.452419
VES 1000.52103
VND 28480.784096
VUV 133.12733
WST 3.111933
XAF 655.957
XAG 0.021125
XAU 0.000270979015
XCD 3.016745
XCG 2.015783
XDR 0.789253
XOF 655.957
XPF 119.331742
YER 264.134779
ZAR 18.399961
ZMK 10047.670755
ZMW 22.71661
ZWL 359.434865
SSP 6413.165902
MXV 2.332613
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump's tariff threats and delays: state of play
Trump's tariff threats and delays: state of play / Photo: Brendan Smialowski - AFP/File

Trump's tariff threats and delays: state of play

US trading partners braced for a volley of tariff hikes this week, but a deadline for their imposition came and went as President Donald Trump delayed them again until August -- but unveiled new copper duties and increased levies on Canada and Brazil.

Text size:

Here is a summary of the tariffs Trump has introduced in his second presidency as he pushes to reshape global trading ties.

- Global tariffs -

US "reciprocal" tariffs are due to jump from 10 percent to various higher levels for a list of dozens of economies come August 1, including the European Union and Japan.

The hike would have taken effect on July 9 but Trump postponed it, marking a second delay since their shock unveiling in April.

Trump in April also slapped a 10 percent "baseline" levy on most trading partners, which remains in place.

He has since begun issuing letters dictating tariff rates above 10 percent for individual countries, including Brazil, which has a trade deficit with the United States and was not on the initial list of higher "reciprocal" rates.

Only the UK and Vietnam have struck initial trade deals with Washington -- both include tariffs remaining in effect -- while China has managed to temporarily lower tit-for-tat duties.

Certain products such as pharmaceuticals, semiconductors and lumber are excluded from these tariffs, but may face separate action, as has already been the case for steel, aluminum, and soon copper. Gold and silver, alongside energy commodities, are also excluded.

Some nations have also been excluded, including US neighbors Canada and Mexico -- who have been separately targeted over illegal immigration and fentanyl -- and Russia.

- Canada, Mexico -

Canadian and Mexican products were hit by 25 percent US tariffs shortly after Trump returned to office this year, with a lower rate for Canadian energy.

But trade negotiations have been bumpy. Trump announced Thursday that Canadian goods will face a higher 35 percent duty from August 1.

Products entering the United States under the USMCA North American free trade pact, covering large swaths of products, are expected to remain exempt -- with Canadian energy resources and potash, used as fertilizer, to still face lower rates.

- China focus -

Trump has also taken special aim at China. The world's two biggest economies engaged in an escalating tariffs war this year before their temporary pullback.

Both sides imposed triple-digit duties on each other at one point, a level effectively described as a trade embargo.

After high level talks, Washington lowered its levies on Chinese goods to 30 percent and Beijing slashed its own to 10 percent, with the pause due to expire in mid-August.

The US level is higher as it includes a 20 percent tariff over China's alleged role in the global fentanyl trade.

Beyond expansive tariffs on Chinese products, Trump ordered the closure of a duty-free exemption for low-value parcels from the country. This adds to the cost of importing items like clothing and small electronics.

- Autos, metals -

Trump has targeted individual business sectors, imposing a 25 percent levy on steel and aluminum imports which he has since doubled to 50 percent.

On Wednesday, Trump unveiled plans for a 50 percent tariff on copper imports starting August 1.

He has also rolled out a 25 percent tariff on imported autos, although those entering under the USMCA can qualify for a lower rate.

Trump's auto tariffs impact vehicle parts too, although the president has issued rules to ensure automakers paying vehicle tariffs will not also be charged for certain other duties.

And he has ongoing investigations into imports of lumber, semiconductors, pharmaceuticals and critical minerals that could result in further duties.

- Legal challenges -

Trump's sweeping tariffs have faced legal challenges. The US Court of International Trade ruled in May that Trump had overstepped his authority with across-the-board global levies.

It blocked many of the duties from going into effect, prompting the Trump administration's challenge. A US federal appeals court has allowed these duties to remain while it considers the case.

Y.Hara--JT