Clyde & Co’s Tariff Tracker: August edition

Clyde & Co’s Tariff Tracker provides an overview of all trade restrictions imposed or announced by the US and against the US.

Following the Supreme Court’s decision and the shifting regulatory landscape, Clyde & Co has paused updates to the Tariff Tracker. However, Clyde & Co continues to monitor the developments closely, and if you have any questions about how these changes may affect your business or supply chain, your usual Clyde & Co contact/s would be pleased to assist.

Sign up for updates

The August updates on the tariff tracker including updates in US tariffs, retaliatory tariffs and any after-effects, are set out below.

25 August 2025

Retaliatory tariffs 

• On 22 August 2025, Canada announced that it would ‘match’ the US, by removing all of Canada’s retaliatory tariffs on US goods which are covered under the Canada-United States-Mexico Agreement (“CUSMA”).
• However, Canada will retain its 25 percent tariff imposed on US-originating steel, aluminium and automobile parts imported into Canada.

When will the tariffs come into effect 

22 August 2025

US tariffs

• On 21 August 2025, the EU and US announced a ‘Framework Agreement’, whereby both countries agreed:
  1. the EU would remove its tariffs on all US industrial goods in an effort to provide preferential market access for a wide range of US seafood and agricultural products, including: tree nuts, dairy products, fresh and processed fruits and vegetables, processed foods, planting seeds, soybean oil, and pork and bison meat.
  2. the US will commit to applying the higher of either the US Most Favoured Nation (MFN) tariff rate or a tariff rate of 15 percent on EU originating products. This is set to apply to both European semiconductors and pharmaceuticals, where the US had previously threatened tariff rates would be as high as 250 percent. 
• Once the EU has passed legislation on (i) above, the US will also remove the Section 232 automobile tariff on cars imported from the EU, so that automobile or automobile parts are also subject to a 15 percent tariff.

When will the tariffs come into effect?

• The new 15 percent tariff rate on European products is to come into force on 1 September 2025. 

11 August 2025

US tariffs

China

• On 11 August 2025, the US and China issued a joint statement confirming a further 90-day suspension until 10 November 2025 on the higher rate of tariffs affecting each other’s goods.
• The US blanket tariff on Chinese products into the US will remain at 30 percent and China has confirmed that it will maintain the 10 percent tariff imposed on US goods imported in China.

India

• On 6 August 2025, the US announced that an additional 25 percent tariff would be imposed on Indian products in addition to the 25 percent tariff that took effect on 1 August 2025. This brings the total tariff rate on most Indian goods imported into the US up to 50 percent. However, there will be certain exemptions for pharmaceuticals, electronics, and energy imports.

Tech tariffs

• The US has also unveiled plans to implement a 100 percent tariff on chips and semiconductors. However, companies which produce and/or are repatriating production to the US (for example, Apple) are expected to be exempt.

When will the tariffs come into effect?

4 August 2025

What has been announced?

US tariffs

Global

• The US’s new global tariff regime will take effect from 7 August 2025, with the US announcing new tariff rates affecting many of its trading partners worldwide.
• The new regime softens some of the levies that were going to be imposed as part of the ‘liberation day’ regime in April 2025. However, the US has still imposed high rates of tariffs on several countries which includes tariffs on such countries as India (25%) and Switzerland (39%).
• The full list of tariff rates can be seen on the Clyde & Co Tariff tracker page here.
• In addition, the US has also introduced a global ‘transhipment’ tariff of 40 percent. The transhipment tariff will apply to those goods which are shipped from one country to another in an attempt to disguise their country of origin and evade US tariffs.

India

• On 31 July 2025, the US announced that it would be imposing a 25 percent tariff on imports from India in an effort to penalise the country for its trade deficit with the US. The 25 percent tariff will take effect as part of the US’s new global tariff regime.

Canada

• On 31 July 2025, the US announced an increase in US tariffs on Canadian origin goods from 25 percent to 35 percent.
• The US tariff rate on Canadian origin energy products and potash will remain at 10 percent.

Brazil

• On 30 July 2025, the US announced an additional 40 percent tariff on Brazilian imports into the US, in addition to the baseline 10 percent tariff currently imposed. As such, Brazilian products will now face a 50 percent tariff on importation into the US.
• However, certain Brazilian products are exempt from the additional 40 percent tariff and remain subject to 10 percent baseline tariff. These include types of silicon metal, pig iron, civil aircraft and their parts and components, metallurgical-grade alumina, tin ore, wood pulp, precious metals, energy and energy products, and fertilisers. The full list of exempted products is set out in the White House’s Executive Order, available here.

Copper tariffs

• On 30 July 2025, the US announced a universal 50 percent tariff on the import of semi-finished copper products (such as copper pipes, wires, rods and tubes), and copper-intensive derivative products (such as pipe fittings, cables, connectors and electrical components).
• The 50 percent copper tariffs apply to the copper content of a product, and so any non-copper content of a product remains subject to reciprocal tariffs or other applicable duties; these tariffs do not stack.

When will the tariffs come into effect?

• The US’s new global tariff regime affecting all countries listed in the Executive Order came into force on 7 August 2025.

• The increased US tariff of 35 percent on Canadian products also took effect from 7 August 2025.
• The universal 50 percent copper tariff also take effect from 7 August 2025.
• The additional 40 percent tariff on certain Brazilian imports into the US will come into force on 6 August 2025.

See our Tariff Tracker