Tariff Update

News Compilation | July 16, 2025

The U.S. will begin implementing new tariff rates on select countries starting August 1st, with some rates altered from those previously announced in April. Supply Chain Dive has a chart explaining the new rates by country here.

(Note: The new timeline does not impact tariffs on China, which will remain reduced until mid-August per a separate agreement reached in May.) 

Some background and additional info:

Last week, President Trump began unveiling the tariff rates the U.S. will charge imports from certain countries following the expiration of a 90-day pause on country-specific levies. As announced on Truth Social on July 7th, he outlined the rates in mostly identical letters sent to the heads of countries including Japan, South Korea, and Bangladesh, among others.

President Trump also said that the U.S. would match any retaliatory tariffs, with any hikes made in addition to the rate detailed in the letter to each country.

He then shared additional (similar but not identical) letters, setting rates for countries such as Canada (35%), Mexico (30%), and the EU (30%). The letters regarding Mexico and Canada did not clarify whether the USMCA exemption will continue under the new tariff rate.

Several U.S. trading partners have since outlined new plans related to their own retaliatory tariffs and countermeasures.

The EU will delay its countermeasures that were meant to go into effect July 14th to “early August,” European Commission President Ursula von der Leyen said Sunday. Canada is pushing back a July 21st negotiation deadline for potential adjustments of its duties on steel and aluminum imports.

Brazil is taking a more assertive approach to the latest U.S. tariff announcements. Luiz Inácio Lula da Silva, the country’s president, said Brazil will match the Trump administration’s planned 50% tariffs in an interview last week.

However, Mexico's leadership has stated they believe a successful agreement can be reached between the two countries before the August 1st deadline (rather than announcing its own retaliatory measures).

Some additional industry-related tariff news:

• Trump Touts Trade Truce with Indonesia, Indicates India Might Not Be Far Behind (Sourcing Journal) 

• U.S. Manufacturers Are Stuck in a Rut Despite Subsidies from Biden and Protection from Trump (Associated Press)

• These Retailers Are Raising Prices Because of Trump’s Tariffs (Sourcing Journal) 

• Sri Lanka's Apparel Industry Counts on Cutting U.S. Tariff To Compete with Rivals (Reuters) 

• U.S.-Brazil Trade Battle Puts Shoe Firms in the Middle of the Crossfire (WWD Footwear News) 

• Understanding the Latest U.S. Tariff Updates from a T-shirt Price POV (Fibre2Fashion)

• As Tariff Hits Keep Coming, Experts Say Fashion’s Burden Could Be Compounded (Sourcing Journal) 

• Retailers' Exposure to Tariffs on Asian Countries (Reuters) 

• Trump Closes Door on Tariff Trade Talk Extensions: Here’s Where Footwear Could Be Hit the Most (WWD’s Footwear News)

• Trump Rolls Out Reciprocal Tariffs for Japan, Bangladesh, Others (Fashion Dive)