South Korea
The U.S. has announced a 15% tariff on imports from South Korea, including autos, as part of a trade deal, a figure that is down from the original 25%.
- South Korea would accept American products, including autos and agriculture into its markets and impose no import duties on them.
- South Korean firms would not be put at a disadvantage compared with other countries over upcoming tariffs on chips and pharmaceutical products, while retaining 50 per cent tariffs on steel and aluminum.
- South Korea would invest $350 billion in the United States in projects "owned and controlled by the United States" and selected by Trump.
- South Korea would purchase $100 billion worth of liquefied natural gas or other energy products, which the Asian country said would mean a slight shift in energy imports from the Middle East in the next four years.
Brazil
Effective August 6, 2025, the U.S. has imposed a 50% tariff on most Brazilian goods to fight what Trump has called a "witch hunt" against former president Jair Bolsonaro but excluding sectors such as aircraft, energy and orange juice from heavier levies as well as donations intended to relieve human suffering such as food, clothing, medicine, publications, films, music and artworks.
Link to U.S. Executive Order: https://www.whitehouse.gov/presidential-actions/2025/07/addressing-threats-to-the-us/
India
On Wednesday the U.S. announced that effective Friday they would impose a 25% tariff on goods imported from India however, later in the day it was stated that negotiations were still ongoing.
Please see this link for more information: https://www.cbc.ca/news/world/trump-tariffs-south-korea-1.7598259