Trump Tariffs Live Updates: Canada Hit with 35% Duties, Trump Eyes Higher Baseline Rates (as of July 13, 2025)

President Donald Trump's tariff offensive continues to escalate, with a fresh 35% levy on Canadian imports announced late last week, set to take effect August 1. This marks an increase from the prior 25% rate under the USMCA amid stalled trade talks. Trump has also floated raising the baseline "reciprocal" tariff—currently at 10% on most nations—to 15-20%, signaling broader protections. These moves, justified by trade deficits, national security, and issues like fentanyl flows, have rattled markets and prompted retaliatory threats. Below, I summarize the latest developments, timeline, affected countries, economic impacts, and reactions, based on reports up to today.

Key Developments

• Canada Tariffs: On July 10, Trump sent a letter to Canadian Prime Minister Mark Carney imposing a 35% tariff on most Canadian goods starting August 1, citing Ottawa's retaliatory duties on U.S. steel/aluminum and alleged failures on border security and dairy trade.

 Exemptions apply to USMCA-compliant goods (e.g., those meeting rules-of-origin), but the hike could affect $762 billion in annual bilateral trade.

• Higher Blanket Rates Floated: In a July 10 NBC News interview, Trump suggested increasing the 10% baseline tariff (imposed in April 2025) to 15-20% for most partners, aiming to "encircle" China and boost U.S. manufacturing.

 This would override current rates for many nations without deals.

• Broader Escalation: Similar letters went to the EU and Mexico (30% each), and others like Brazil (50%). The August 1 deadline was extended from July 9 to allow negotiations, but Trump warned of no further pauses.

Timeline of Recent Events

Date	Event	Details
July 4-9, 2025	Pre-Announcement Talks	U.S.-Canada negotiations stall; Trump hints at hikes amid retaliatory Canadian duties on U.S. metals.
July 10, 2025	Tariffs Announced	Letter to Canada sets 35% rate effective Aug. 1; similar for EU/Mexico at 30%. Trump floats 15-20% baseline in NBC interview.
July 11, 2025	Market Reaction & current reportsResponses	U.S. stocks drop (S&P -0.3%, Dow -1%); Canada delays doubling tariffs on U.S. metals to Aug. 1, aims for deal. Carney calls it a "rift" but notes exemptions.
July 12, 2025	EU/Mexico Tariffs Confirmed	30% rates announced; EU delays retaliation, seeks talks.
July 13, 2025	Ongoing Fallout	Social media buzz on full tariff lists; Canada explores EU ties, boycotts cut U.S. exports by 40%.  Gulf stocks subdued on fears.

Complete List of Announced Tariffs (Effective Aug. 1, Overriding 10% Baseline)

From recent announcements and social media compilations:

Country/Region	Tariff Rate	Notes
Brazil 🇧🇷	50%	Highest rate, cited for trade imbalances.
Myanmar 🇲🇲, Laos 🇱🇦	40%	Focus on manufacturing and labor issues.
Cambodia 🇰🇭, Thailand 🇹🇭	36%	Textiles and electronics targeted.
Bangladesh 🇧🇩, Canada 🇨🇦, Serbia 🇷🇸	35%	Canada's hike from 25%; exemptions possible.
Indonesia 🇮🇩	32%	Commodities like palm oil.
EU 🇪🇺, Mexico 🇲🇽, South Africa 🇿🇦, Bosnia 🇧🇦, Algeria 🇩🇿, Iraq 🇮🇶, Libya 🇱🇾, Sri Lanka 🇱🇰	30%	EU/Mexico letters issued July 12.
South Korea 🇰🇷, Kazakhstan 🇰🇿, Malaysia 🇲🇾, Moldova 🇲🇩, Tunisia 🇹🇳, Brunei 🇧🇳, Japan 🇯🇵	25%	Tech and autos for Korea/Japan.
Philippines 🇵🇭, Vietnam 🇻🇳	20%	Lower due to ongoing deals.
China 🇨🇳, Russia 🇷🇺	10% (base)	Higher specifics (e.g., 70% on some Chinese goods) apply separately.
India 🇮🇳	0% (pending)	Negotiations ongoing; no hike yet.

Economic Impacts and Market Reactions

• Trade Disruptions: U.S.-Canada trade deficit ($63.3B in 2024) could widen costs; potential hits to autos, energy, and agriculture.
  Global supply chains are strained, with Gulf markets down 0.2-0.8% today.

• Markets: U.S. stocks fell Friday (Nasdaq -0.2%); Bitcoin surges as a hedge.

 Analysts warn of inflation spikes and GDP drag.

• Canadian Boycott: Exports from U.S. down 40%, exceeding expectations; Canada exploring EU ties.

Stakeholder Reactions

• Canada: PM Carney calls it a "profound challenge," vows exemptions and no ring-kissing; energy minister notes leverage in resources.

 Provinces rally for unity.

• Trump Administration: Frames as reciprocal; advisor hints at exemptions if talks succeed.

• International: EU delays retaliation; Brazil "squares up."

 Social media highlights U.S. isolation risks.

• Business/Analysts: Warnings of chaos; some see Bitcoin unaffected.

Events are evolving rapidly—Canada-U.S. talks continue, with potential for adjustments before August 1. For real-time alerts, monitor official statements or X trends.

标签:   游戏头条 资讯头条 ggamen科技资讯 ggamen科技 ggamen科技资讯头条 科技资讯头条 ggamen游戏财经 新闻网 科技新闻网 科技新闻 ggamen游戏新闻网 科技新闻 科技新闻网 新闻网 ggamen游戏财经 科技资讯头条 ggamen科技资讯头条 ggamen科技 资讯头条 游戏头条 ggamen ggamen游戏新闻网 科技新闻 科技新闻网 ggamen游戏财经 科技资讯头条 ggamen科技资讯头条 ggamen科技 ggamen科技资讯 游戏头条