US rolls out new tariff rates under Trump’s global trade revamp

US President Donald Trump has introduced a revised set of import tariffs targeting a broad range of countries, part of what he described as a move toward “mutually agreed” trade arrangements aimed at correcting long-standing trade imbalances.

CNN reported that several nations have already concluded or are nearing the completion of agreements with the United States, covering both trade and security matters. However, Trump emphasised that some governments either declined to participate in negotiations or offered terms that fell short of Washington’s expectations.

Under the new framework, import tariffs on goods from numerous countries have been adjusted, with many rates significantly reduced, while others remain elevated or slightly increased. The revised country-specific tariff rates are as follows:

• Angola: 32% → 15%

• Bangladesh: 37% → 20%

• Bosnia and Herzegovina: 35% → 30%

• Botswana: 37% → 15%

• Brunei: 24% → 25%

• Cambodia: 49% → 19%

• Cameroon: 11% → 15%

• Chad: 13% → 15%

• Côte d'Ivoire: 21% → 15%

• Democratic Republic of the Congo: 11% → 15%

• Equatorial Guinea: 13% → 15%

• European Union (most goods): 20% → 15%

• Falkland Islands: 41% → 10%

• Fiji: 32% → 15%

• Guyana: 38% → 15%

• India: 26% → 25%

• Indonesia: 32% → 19%

• Iraq: 39% → 35%

• Israel: 17% → 15%

• Japan: 24% → 15%

• Jordan: 20% → 15%

• Kazakhstan: 27% → 25%

• Laos: 48% → 40%

• Lesotho: 50% → 15%

• Libya: 31% → 30%

• Liechtenstein: 37% → 15%

• Madagascar: 47% → 15%

• Malawi: 17% → 15%

• Malaysia: 24% → 19%

• Mauritius: 40% → 15%

• Moldova: 31% → 25%

• Mozambique: 16% → 15%

• Myanmar: 44% → 40%

• Namibia: 21% → 15%

• Nauru: 30% → 15%

• Nigeria: 14% → 15%

• North Macedonia: 33% → 15%

• Pakistan: 29% → 19%

• Philippines: 17% → 19%

• Serbia: 37% → 35%

• South Korea: 30% → 15%

• Sri Lanka: 44% → 20%

• Switzerland: 31% → 39%

• Taiwan: 32% → 20%

• Thailand: 36% → 19%

• Tunisia: 28% → 25%

• Vanuatu: 22% → 15%

• Vietnam: 46% → 20%

• Zambia: 17% → 15%

• Zimbabwe: 18% → 15%

In addition to country-specific tariffs, the administration has introduced or expanded levies on several key industrial sectors, particularly those where the US government perceives vulnerabilities or imbalances.

New sectoral tariffs

• Steel and aluminium: 50% (effective June 4)

• Copper: 50% (effective August 1)

• Automobiles and auto parts: 25% (effective April 3 and May 3)

Pending further review are potential new duties on pharmaceuticals and semiconductors, which are under investigation as part of a Section 232 review — a provision of the Trade Expansion Act of 1962 that permits national security-based trade actions. President Trump ordered these investigations in April, citing the need to protect critical industries.

The White House has indicated that tariffs as high as 200% on pharmaceuticals and 25% or more on semiconductors are under consideration.

US Commerce Secretary Howard Lutnick announced that the findings of the semiconductor investigation will be released within the next two weeks.

Meanwhile, some economies — notably the European Union, Japan, and South Korea — have reached tailored trade agreements with Washington. Under these deals, tariffs on most of their exports to the US, including automobiles, have been lowered to 15%. In the case of the EU, the deal also extends to pharmaceuticals and semiconductor exports.

By Tamilla Hasanova