President Donald Trump has once again announced new tariffs for just about every country in the world, further upending the landscape of global trade.
Starting August 7, the United States will impose a 10% “universal” levy on imported goods from countries with which it has a trade surplus and a 15% tariff on goods from about 40 nations with which it has a trade deficit. Some countries, like Brazil, face levies ranging up to 50%.
Trump’s tariff regime is unprecedented for modern times. The new duties imposed on America’s trading partners are the highest since 1933, a time when steep tariffs contributed to the worsening of the Great Depression.
Here’s how US trading partners will be affected:
