- Canada: On Truth Social, President Trump announced that he would increase the tariff on imports from Canada by 10% from 25% to 35% starting on 1 August. Reuters reported that the tariff exclusion for USMCA-compliant goods should stay in place.
- EU: In an interview with NBC, President Trump said that he would announce new tariffs on the European Union today.
- All Trading Partners: In the same interview, President Trump said that he would impose a blanket tariff of 15% or 20% on all trading partners that did not receive a tariff letter. The final tariff rate has yet to be decided. This would be an increase from the current 10% baseline reciprocal rate.
For more information, please see relevant articles from today below:
