The US Trade Representative announces significant tariff rates, including 35% on Canadian imports and 50% on Brazilian goods, reflecting a shift in trade policy.
On August 3, US Trade Representative Greer confirmed that President Trump has finalized new tariffs on several countries, imposing rates of 35% on Canadian imports, 50% on Brazilian goods, 25% on Indian products, and 39% on Swiss items. These tariffs are based on bilateral trade surpluses and deficits, and the rates are fixed.