Trump’s “mutual” tariffs come into force by striking dozens of US trading partners

US President Donald Trump talks to journalists Ahded from Maritime landing to go to New Jersey, the White House in Washington, Colombia County, August 1, 2025.

Jonathan Ernst Reuters

On Thursday, the so -called “mutual” tariffs of US President Donald Trump came into force, introducing higher duties to many export partners in the US

“This is the north !!! billions of dollars in tariffs now enter the United States!” Trump wrote On the social media platform, the truth is social.

In earlier pillar Trump said tariffs are aiming at “countries that have been using the United States for many years.”

The woman looks at the jewelry that is displayed in the jewelry store.

In India, $ 434 billion.

Trump last week – on the eve of the tariff period on August 1 – Overcoming tariff rates And he pushed the deadline until August 7.

Some of the coolest duties-41% of Syria, as well as the 40% Laosa and Myanmar’s rate, while Switzerland is after they were unsuccessful in the last minute of the deals with 39% of the tariffs.

This week, Swiss negotiators went to Washington for talks after a higher rate of the country for many, but the transaction has not yet been agreed. The Swiss government is expected on Thursday.

Bern Skyline, taken from Rosengarten at the sunrise in Switzerland. Church Center: Nydeggkirche Cathedral Right: Berner Munster Bridge: Nydeggbrücke

Switzerland is in a clear position when it comes to tariffs. Therefore

Separately, Brazil and India Both now face 50%. While Brazil’s tariffs appear to have steel, India’s rate is 25%, and at the end of this month will grow up to 50%, the executive order, signed on Wednesday reports. Trump said his tariffs for India are related to the current purchases of Russian oil.

Meanwhile, other countries and regions have been able to reach trade agreements with the US, which includes the European Union, Japan and South Korea – which now face 15% of the tariffs – as well as in the UK, which has agreed on 10%.

Others including China and MexicoStay in a suspended state. China is engaged in something trading truce from the US, while previously announced rates for Mexico are on a pause.

“This game is not over”

Latest Trump’s Ads – including higher duties by India and threats 100% tariffs On the chips – show “This game is not over”, according to Bill Papadakis, macro -stratega in the pawnshop.

“Recently, there has been some optimism building because the overall level of uncertainty has fallen. Some transactions have been reached, indeed, the damage done in the US markets forced Trump to return to some of the most aggressive threats, and in this sense it was found that we may not end in the worst scenario,” he said “Europe Erant Heart Europe”.

But the paddakis also warned of being overly optimistic. Currently, the tariffs have been imposed, he noted, and their impact on economic growth and inflation is not yet clear.

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