Reciprocal tariffs begin at midnight, billions of dollars will flow into USA: Trump

US President Donald Trump on Thursday said that the fresh reciprocal tariffs would come into effect at midnight, targeting countries he accused of long taking advantage of American trade policies.

Taking to Truth Social, Trump said that billions of dollars will flow into USA from these countries.

“Reciprocal tariffs take effect at midnight tonight! Billions of dollars, largely from countries that have taken advantage of the United States for many years, laughing all the way, will start flowing into the USA” Trump said.



The US president, on August 1, had announced imposition of sweeping tariffs on goods from over 60 countries and were set to take effect on Aug 7 at 0401 GMT, varying levels between 15 per cent and 41 per cent. In his latest move, Trump, on Wednesday, had announced secondary sanctions on India and most likely China, primarily over their continued economic engagement with Russia.

Also Read: Trump's additional 25% tariffs may dent India’s FY26 growth by 0.4%

The nations are set to face tariff rates of 10% or higher. Products from the European Union, Japan and South Korea will be taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh will be taxed at 20%.

Meanwhile, India will face tariffs of 25% in the first leg of Trump's executive order and additional 25% from August 28 for its trade with Russia.

Trump further linked the tariff move to broader political and judicial developments in the US, and said, “The only thing that can stop America’s greatness would be a radical left court that wants to see our country fail!”

Also Read: 'More secondary sanctions': Trump may hit China with India-like tariffs over Russia oil

Trump's reciprocal tariff rates on the world

Countries and Territories	Reciprocal Tariff, Adjusted
Afghanistan	15%
Algeria	30%
Angola	15%
Bangladesh	20%
Bolivia	15%
Bosnia and Herzegovina	30%
Botswana	15%
Brazil	10%
Brunei	25%
Cambodia	19%
Cameroon	15%
Chad	15%
Costa Rica	15%
Côte d`Ivoire	15%
Democratic Republic of the Congo	15%
Ecuador	15%
Equatorial Guinea	15%
European Union: Goods with Column 1 Duty Rate[1] > 15%	0%
European Union: Goods with Column 1 Duty Rate < 15%	15% minus Column 1 Duty Rate
Falkland Islands	10%
Fiji	15%
Ghana	15%
Guyana	15%
Iceland	15%
India*	25%
Indonesia	19%
Iraq	35%
Israel	15%
Japan	15%
Jordan	15%
Kazakhstan	25%
Laos	40%
Lesotho	15%
Libya	30%
Liechtenstein	15%
Madagascar	15%
Malawi	15%
Malaysia	19%
Mauritius	15%
Moldova	25%
Mozambique	15%

Myanmar (Burma)	40%
Namibia	15%
Nauru	15%
New Zealand	15%
Nicaragua	18%
Nigeria	15%
North Macedonia	15%
Norway	15%
Pakistan	19%
Papua New Guinea	15%
Philippines	19%
Serbia	35%
South Africa	30%
South Korea	15%
Sri Lanka	20%
Switzerland	39%
Syria	41%
Taiwan	20%
Thailand	19%
Trinidad and Tobago	15%
Tunisia	25%
Turkey	15%
Uganda	15%
United Kingdom	10%
Vanuatu	15%
Venezuela	15%
Vietnam	20%
Zambia	15%
Zimbabwe	15%

*It is to be noted that additional 25% tariffs on India will take effect on August 28.