Trump's tariff actions span from penalties to Syria, involving countries like Brazil and Canada, and also affecting relief efforts in the UK.
Washington, D.C. - A correspondent in Washington, David Alandete, reports on the ongoing impact of Donald Trump's tariff hikes, which have affected countries that refused or delayed signing bilateral agreements.
The tariff hikes, implemented on Friday, have resulted in increased reciprocal tariff rates imposed by the U.S. on various countries. These rates, which range from 25% up to 40%, are designed to pressure these countries into more balanced trade relationships and to address the U.S. trade deficit.
Countries such as Japan, South Africa, Laos, Myanmar, Bangladesh, and others received notifications of these new tariff rates, effective August 1, 2025. This approach has led dozens of countries to agree or offer to lower their tariff rates in response. However, those that did not or delayed in signing bilateral agreements are subject to these increased tariffs, potentially making their exports to the U.S. less competitive and possibly harming their trade balances with the U.S.
The Trump administration has also threatened baseline reciprocal tariff rate increases to 15-20% and implemented various other tariffs on U.S.-origin goods as part of a broader trade strategy. This has increased trade tensions and costs for countries involved in delayed or refused agreements, demonstrating a broader pattern of using tariffs as leverage to renegotiate or enforce trade deals.
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The tariff hikes continue to have a global impact, affecting ports worldwide and causing immediate damage to governments. The U.S. tariff policy has become a significant factor in international trade negotiations, with non-compliant countries facing a tariff cost disadvantage in the American market. The service allows three sessions to be open at a time, and the functionality to access premium content is only available for subscribers.
- The ongoing trade tensions, instigated by Donald Trump's tariff hikes, have extended to the realm of international politics, potentially influencing future bilateral agreements and treatment of general news relating to war-and-conflicts.
- In the world of finance, the tariff hikes have created a new layer of complexity in business transactions, particularly for countries that have refused or delayed signing bilateral agreements, as they face increased costs and reduced competitiveness in their exports to the U.S.
- Fashion and retail industries are also feeling the brunt of Trump's tariff policy, as higher costs associated with imported goods may lead to increased prices for consumers and potential shifts in production toward countries with lower tariff rates, affecting the overall balance of global trade.
