by Olivier Acuña Barba •Published: August 7, 2025•23:52•2 minutes read
Trump’s tariffs are finally enacted, and US customs are already collecting higher taxes on imports when they arrive in the US | Credit: Noamgalai/Shutterstock
More than 60 countries around the world are rushing to meet the latest US tariffs announced by US President Donald Trump, which came into effect on Thursday, August 7th, several news outlets reported.
Industry representatives of wealthy and poor countries warned of unemployment losses as tariffs over the global trading system decades ago at fees ranging from 10% to 39%, 40% and 41% in Switzerland, Brazil and Syria. Report.
Government officials and heads of state around the world were trying to implement a contingency plan after it turned into reality in the middle of the night of Washington time. The Brazilian government said it is planning a state aid plan for affected businesses. President Luis Inacio Lula da Silva said his duties were “unacceptable horror mail.”
US Customs has begun collecting higher taxes
In the US, the country’s Customs and Border Protection Agency began collecting higher tariffs from 10% to 10% to 50% shortly after they officially kicked in after halting Trump’s final rate of fees and rabies negotiations with the country trying to lower them. It has been reported.
After announcing the “liberation day” tariffs in April, Trump frequently changed his trade strategy, far higher the share of imports from some countries, including 50% of goods from Brazil, 35% from Canada and 25% from India.
“Trade is not a suicide agreement.”
“Billions of dollars from countries that have mainly used the US for many years and have been laughing at it all the time will start flowing to America,” Trump said. True socially said.
Trump’s top trade negotiator Jamieson Greer said the US has reversed decades of policy that has debilitated the country’s manufacturing capabilities and labor force, and that many other countries share concerns about macroeconomic imbalances.
“The rules of international trade cannot be a suicide agreement,” he said. I wrote it New York Times column.
“The United States has demonstrated bold leadership by imposing tariffs to readjust the trade deficit and negotiating key reforms that will form the basis of a new international system,” Greer said.
Toyota said on Thursday, August 7 that it expects a nearly $10 billion hit from tariffs on cars imported into the US as it cut its full-year profit forecast by 16%. However, other Japanese companies such as Sony and Honda said they expect Japan to have a minor impact on profits after it agreed to lower tariffs.
