Key Points

President Trump revealed plans to impose uniform tariffs on over 150 economies not covered by bilateral deals. The policy specifically targets major trade partners like the EU and Japan with an August 1 implementation date. While India and Switzerland remain in negotiations, analysts question whether the tariffs will take effect as scheduled. The move comes after April's 10% baseline tariff and may escalate to 15-20% rates.

Key Points: Trump Imposes Uniform Tariffs on 150 Economies Including EU Japan

  • Trump announces blanket tariff policy for non-treaty economies
  • Targets EU Japan South Korea with August 1 deadline
  • Leaves India Switzerland in negotiation limbo
  • Doubts emerge about implementation amid economic concerns
2 min read

US to impose uniform tariff rate on over 150 economies: Trump

US to enforce equal tariffs on 150+ trading partners starting Aug 1 as Trump targets trade deficits with EU, Japan, and India

US to impose uniform tariff rate on over 150 economies: Trump
"It's all going to be the same for everyone - Donald Trump"

Washington, July 17

US President Donald Trump unveiled a plan to impose a unified tariff rate on more than 150 countries and regions, according to a media report.

"It's all going to be the same for everyone, for that group," Trump told reporters during talks with Bahrain's Crown Prince Salman bin Hamad Al Khalifa at the White House on Wednesday.

Those to be covered under the new measure are described by Trump as "not big" and ones that "don't do that much business."

In April, the Trump administration introduced a baseline tariff of 10 per cent on economies not covered by bilateral deals. Although Trump has previously suggested the new baseline could be raised to 15 per cent or 20 per cent, he did not specify a new rate on Wednesday, reports Xinhua news agency, quoting Politico.

The US government has already sent letters to about two dozen economies -- including the European Union, Japan and South Korea -- outlining the tariff rates they will face starting Aug. 1, the report said. The announcement has prompted intensified negotiations as affected trading partners seek more favourable terms.

However, analysts and observers continue to express doubts about whether the new tariff schedule will take effect as planned on Aug. 1, amid concerns about its potential impact on the U.S. economy and domestic politics, according to the report.

Countries and regions such as Switzerland and India, which accounted for more than 3 per cent of the US trade deficit in 2024 but have not yet received official notices, remain in negotiation with Washington.

Trump sent mixed messages Wednesday on US-India trade talks, first stating "we have another (deal) coming up," then later asserting "we're very close to a deal."

Regarding Japan, Trump said negotiations are underway but expressed doubt about the outcome.

"I think we'll probably live by the letter with Japan," he said, referring to a previously issued tariff notification.

- IANS

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Reader Comments

P
Priya S
Trump's trade policies are so unpredictable! One day he says deal is close, next day he changes stance. This uncertainty is bad for global trade. Hope our negotiators are prepared for all scenarios.
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Aman W
Maybe it's time to reduce our dependence on US market. We should focus more on EU, Africa and domestic consumption. Atmanirbhar Bharat should be our priority now!
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Sarah B
As someone working in an export-oriented company, this news is worrying. Our profit margins are already thin. Any additional tariffs will force us to either cut jobs or increase prices 😟
V
Vikram M
The government should consider retaliatory tariffs if US implements this. We import a lot of American products too - from iPhones to almonds. Let's see how they like it when we hit back!
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Kavya N
Honestly, I think our media is overreacting. US has been doing this for years. Remember steel tariffs? We managed then, we'll manage now. Our economy is more resilient than we think 💪
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David E
While I understand the concerns, perhaps this is an opportunity to improve our manufacturing quality and competitiveness. Protectionism never helps in long run - we need to up our game.

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