Trump Increases Tariffs on Canada and Switzerland – What Changes

Donald Trump has increased tariffs on Canada to 35% and on Switzerland to 39%. The new tariffs take effect on August 7, except for Canada where they are effective from August 1.

The increase in tariffs on Canada, from 25% to 35%, according to the White House, is due to efforts to stem the flow of fentanyl into the United States. At the same time, additional tariffs of 39% were imposed on Swiss products, despite negotiations.

The new tariffs range from 11% to 41%, with Syria facing the highest. The European Union, Japan, and South Korea are burdened with 15%. According to the White House, the measure aims to restructure global trade to benefit American workers.

Several countries are trying to reach agreements before the deadline, as the tariff implementation mechanisms are unclear.

Tariff changes for selected countries:

• Angola: 32% to 15%
• Bangladesh: 37% to 20%
• Bosnia and Herzegovina: 35% to 30%
• Botswana: 37% to 15%