Washington, D.C.: U.S. President Donald J. Trump has signed an executive order imposing new import tariffs on over 60 countries, including India, effective August 7, 12:01 a.m. The move is part of his ongoing plan to rebalance global trade.
As per the order, India will face a 25% tariff, while Pakistan is subjected to a 19% rate. Canada is the only exception, with tariffs beginning earlier — from August 1, excluding goods covered under the USMCA (U.S.-Mexico-Canada Agreement).
Some countries like Syria (41%), Laos, and Myanmar (40%) will face much higher tariffs. No country on the list will be subject to a tariff lower than 10%.
The Trump administration had delayed the original “Liberation Day” tariff rollout, pushing the enforcement to allow border and customs agencies time for implementation. The final list now includes about 70 nations.
Nations with no trade agreements or where the U.S. runs a trade deficit will face higher rates. For example, Switzerland’s tariff was raised from 31% to 39%, while Madagascar’s rate was lowered from 47% to 15%. Conversely, countries like Japan, South Korea, and the EU, who recently negotiated deals, have relatively stable rates.
Meanwhile, Canada’s tariffs will rise from 25% to 35% starting Friday, and Mexico has been granted a 90-day extension. Talks with China may see their tariff deadline postponed to November.
Trump emphasized that while negotiations remain open, the window to avoid tariffs is largely closed for non-cooperating countries. A White House official stated the new trade pacts open up access to markets valued at over $32 trillion, covering 1.2 billion people.
