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. The tracker will be updated by our offices across the globe as new measures are introduced.

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

4 August 2025

What has been announced?

US tariffs

Global

• On 1 August 2025, the US’s new global tariff regime took effect, 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.

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 1 August 2025.

• The increased US tariff of 35 percent on Canadian products also took effect from 1 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