U.S. importers are expected to face increased costs as tariffs on foreign goods will rise, following President Trump’s announcement of country-specific reciprocal tariffs effective August 7. Over 90 countries will experience tariffs exceeding the 10% global baseline set earlier. A database created by Supply Chain Dive outlines the minimum additional tariffs for each country, highlighting that all top 10 U.S. trade partners will incur rates of at least 15%. While tariff levels have changed for over 60 trading partners since April, 40 countries saw lower rates than initially threatened.


Source: https://www.supplychaindive.com/news/3-ways-to-visualize-trumps-global-tariffs/756631/

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