Donald Trump’s customs duty: Summary of what is changing from August 7
President Donald Trump signed a minimum of 10 % (and up to 50 %) to 69 countries around the world on Thursday 31. Only Mexico was spared by giving him another 90 -day stay before a possible increase in taxes.
Customs duties increase for all countries in the world
President Donald Trump signed this Thursday 31 July 2025, an impressive decree as planned for a Increasing customs taxes For most business partners in the United States. Many countries in the world will have to deal with an additional fee, because if several agreements have been found, especially with the European Union, others like Canada, Switzerland, Brazil and India have been sanctioned by a strong increase in taxes.
European Union, Japan and South Korea will have Their products taxed up to 15 %and the United Kingdom by 10 %. Some, very dependent on America, have lower taxes than expected, like Thailand, with 19 % against 36 % originally mentioned; Or Cambodia, which was pleased with 19 % taxes against 49 % planned on the base.
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But for others, the surprise has been more salty since Taxes will be much higher than to see at the beginning : 20 % on Tai -wan, 25 % for India, 30 % for South Africa and Algeria, 35 % for Serbia and products with the exception of USMCA in Canada, 39 % for Switzerland, 40 % for Laos and even 50 % for Brazil.
Countries that were not previously focused on a repressive surcharge also enter the list, such as Turkey, now taxed at 15 %. These measures are Presented by America as “Reciprocal prices”calculated according to trade surpluses perceived as unfavorable to the United States.
In addition, US export taxes will come into force on August 7, 2025, and not 1 August, as originally planned. Only exception: Mexicowhich was given 90 days to find a satisfactory agreement with Donald Trump.
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Economic consequences of Donald Trump’s taxes
If, after signing the agreement between Europe and the United States 29. July did not respond to the markets, it was not the same 31. After Donald Trump signed a decree that imposes it Increasing customs taxesAsian, European and US markets had a short period of time of study: NASDAQ and S&P 500 dropped by approximately 1 %, Stoxx 600 lost 1.3 %to 1.5 %.
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As far as cryptocurrencies are concerned, it was even more violent: the total market capitalization dropped by 7.2 % between July 31 and 1 August 2025, according to Coingecko, which stabilized around $ 3,800 billion. If the price of bitcoins (BTC) remains rather measured, approximately 2.5 % per 24 hours, Ethereum, XRP, Solana or Doga passed from 5 to 8 %.
Fortunately, autumn fell during the day. It seems that it remains to hope that the US President’s announcement will dry up the coming days to leave the markets to take a breath.
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After training in journalism, I worked for several years in General Press before I discovered the world of personal finances and scholarships. Since 2020 I have been particularly interested in decryption of messages that affect the markets of crypts into crypts. My goal? I always teach my readers more by providing the most accurate and effective information.
Justine Ferrari
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