Trump Tariffs 2025: 11 Nations On Target, Canada Faces 35% Rate

Trump Imposes Reciprocal Tariffs on 11 Nations: Apple Faces $1.1B Hit

In the latest announcement of The Kobeissi Letter, the U.S. has announced new tariff rates that vary by nations. All of them are slightly higher than the earlier one. The countries with higher rates are standing against the tariff. Below are mentioned some unexpected countries with the burden of higher rates and impacts.

Trump Imposes New Tariffs Effective August 1, 2025

President Donald Trump has made a sudden move and raised taxes on several nations that will take effect at midnight, August 1. The most shocking was Canada, whose tariff level increased by 10% points to 35% without any warning whatsoever. This was a way of a wider program to impose so-called reciprocal tariffs on other trading partners.

Source: X

This unanticipated increase encompasses 11 countries and appears to herald a new period of the Trump tariff regime. Nonetheless, markets did not show any significant changes despite the news. This has prompted most analysts to state that the trade war has lost its initial shock value.

Impact of Trump Tariff Rates on Global Trade

The list of affected countries under the new regime is wide-ranging:

Canada: Raised from 25% to 35%

Switzerland: 39%

South Africa: 30%

Taiwan: 20%

Vietnam: 20%

Cambodia: 19%

Thailand: 19%

Malaysia: 19%

Indonesia: 19%

Turkey: 15%

Venezuela: 15%

Interestingly, even those countries that had entered into trade agreements with the U.S. are not spared. Markets, traders, and even foreign observers are baffled, as there seems to be no particular pattern to these new tariff decisions.

Source: X

Even with such broad action, S&P 500 futures fell by only 10 points, a move that analysts say is more attributable to the poor earnings at Amazon than the tariffs. A couple of months ago, such tariff news would have caused a much greater decline in the market.

Apple ($AAPL) Faces $1.1 Billion in Extra Costs

Tech giant Apple ($AAPL) has released a statement that it anticipates that it will have to spend an extra $1.1 billion this year due to these new Trump tariffs. These expenses will impact its production chain, particularly parts and components that are imported from countries such as Malaysia, Vietnam, and Taiwan. Most other U.S. companies are likely to experience the same troubles. Although most of them have not yet published official figures.

Source: X

What Is a Reciprocal Tariffs? Who Is Facing It Now?

It is equal to or similar to the taxes that another nation imposes on U.S. exports. The trade policy has always been inclined towards fair trade and the application of these taxes as a balance of trade instrument.

The countries currently being hit under this policy include Switzerland, South Africa, Taiwan, and some of the countries in Southeast Asia. Each of them is experiencing taxes of 15-39%. Critics claim that such actions appear to be rather arbitrary, specifically since they cover nations that are already engaged in trade agreements with the U.S.

Harsh Words of Trump to India and Russia

On Truth Social, Trump wrote in a statement the day before the announcement of these tariffs that India and Russia are dead economies. He even proposed that the U.S. should cease to trade with them. He also criticised India as having very high tax rates, which further strained the trade relations.

Final Thoughts

Although this news has been making waves in the international press, they have not made much noise in the U.S. stock market, which is an indicator that the business war rhetoric might not be as effective anymore. Trump tariff on India will shock you, have to read this for more knowledge.