Key Facts
• On July 4, Trump announced new tariff rates ranging from 10% to 70%.
• Notifications to 10–12 countries will begin on July 4 and end by July 9.
• Tariff rates will vary, with some countries facing 60–70% and others 10–20%.
• The highest rate of 70% surpasses the previous maximum of 50% set in April.
• Trump did not disclose which countries will face the 70% tariff.
• New tariff rates are set to take effect starting August 1, 2025.
• Trump stated the U.S. will begin receiving funds from these tariffs on August 1.
Summary
President Donald Trump announced on July 4, 2025, that the U.S. will implement new tariff rates ranging from 10% to 70%, with notifications sent to 10–12 countries by July 9. These rates significantly exceed the previous maximum of 50% set in April. While Trump did not specify which countries will face the highest tariffs, he confirmed that the new rates will take effect on August 1, 2025, with the U.S. expecting to start receiving funds on the same date. This move marks a substantial escalation in U.S. trade policy.
