Maximum 70%! The United States will implement global ladder tariffs on August 1st. Which industries will be most hurt?

In July 2025, the Trump administration announced the implementation of a "reciprocal tariff" policy for more than 170 trading partners around the world, with a tax rate of up to 70%, which will be gradually implemented from August 1. This policy will have a profound impact on International, supply chain and corporate costs. This article sorts out the latest tariff adjustments, affected Country and industries, and analyzes the potential impact.

1. Overview of the latest tariff policy Implementation time: It will be gradually implemented from August 1, 2025. Tax rate range: 10%-70%, subject to adjustment according to negotiation. Coverage: 170 + Country worldwide, including EU, Japan, South Korea, India, Brazil, etc. Negotiation window: Some Country (e.g., UK, Viet Nam) have reached agreements with lower tax rates; No-deal Country faces higher tariffs

II. Country, which has reached an agreement on the tariff adjustment of key Country: Britain: maintain the benchmark tax rate of 10%, and some high-tech industries (such as aero-engines) enjoy preferential treatment. Vietnam: The overall tariff is 20%, which will rise to 40% if "transshipment goods" are involved.
High tariff Country (part): Brazil: 50% (previously only 10%, additionally investigated for "unfair trade"). Japan, South Korea: 25%, Trump threatened to raise the tax rate again if the two countries retaliated. Kazakhstan, Malaysia, Tunisia: 25%. Canada: 35% (effective August 1). Indonesia: 32%. Bangladesh, Serbia: 35%. Cambodia, Thailand: 36%. Laos, Myanmar: 40%. EU: Negotiations are still ongoing. If no agreement is reached, tariffs on some goods may soar to 50%.
PS: According to the Sino-US Joint Statement on Geneva Economic and Trade Talks, China still implements the minimum tariff level in the agreement. The declaration is valid until August 12, 2025, and the current tariff treatment will still be applied to goods from EXP arriving in Hong Kong before this date. Regarding the latest adjustment of Sino-US tariff policy, no official news has been released yet.

3. Analysis of the impact of key industries Automobiles and parts: The 25% tariff on imported automobiles has come into effect (from April 3, 2025). The focus of EU auto industry negotiations, German auto companies may face higher costs. EXP of Chinese auto parts (such as tires and aluminum alloy wheels) face higher barriers.
Copper and industrial metals: A 50% tariff will be imposed on all imported copper starting from August 1, and U.S. copper futures prices soared 17% in a single day. As a major copper exporter, China may reduce its EXP to the United States in the future and turn to Southeast Asia (such as Thai copper processing and then EXP).
DRUGS: Trump threatened a 200% tariff on imported drugs, but the specific list has not been released. At present, 80% of generic drugs in the United States rely on imports (mainly from India and China).
Electronic products and semiconductors: Malaysian and Korean semiconductor EXP are affected, and American technology companies may face supply chain adjustments.

4. Enterprises should recommend supply chain adjustments: assess the impact of tariffs and consider diversified procurement or localized production.
Tariff compliance management: Pay attention to HS code declaration to avoid high fines caused by false declaration of derivatives (such as steel and aluminum products).
Market strategy adjustment: Some American buyers have turned to the European market, and Chinese cross-border enterprises may consider expanding European or Canadian channels.