Shocking tariff list: Trump to hit these countries with 70% duties — even longtime US allies aren't spared

Time of India

12 hours ago

US president Donald Trump is preparing to impose steep new tariffs on some of America's biggest trade partners and even close allies may not escape the blow, as per a report. With just a few days left for his three-month deadline to strike new trade deals, the White House is set to send letters to around a dozen countries outlining their new tariff rates, which could be as high as 70%, according to a CNN report.
Donald Trump to Roll Out Steep New Tariffs
While Trump spoke to reporters early Friday at Joint Base Andrews, he said that the White House would begin sening the letters with new tariffs to notify 10 to 12 nations a day in the next five days and also added that most new tariffs would take effect on August 1, as per the CNN report.
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Tariff Rates Vary From 10% to 70%
The US president highlighted that, 'They'll range in value from maybe 60% or 70% tariffs to 10% and 20% tariffs, but they're going to be starting to go out sometime tomorrow,' adding, 'We've done the final form, and it's basically going to explain what the countries are going to be paying in tariffs,' as quoted in the report.
Back in April, Trump gave countries three months to negotiate new deals or face what he called 'reciprocal' tariffs, essentially matching the tariffs those countries place on US goods, according to the CNN report. At the time, he imposed tariffs up to 50%, but this new round is set to go even higher, and markets are already reacting, as per the report. US stocks and bonds were closed for the Fourth of July holiday, but futures and global markets dropped after Trump's comments, as reported by CNN.
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Who's on the List?
Trump didn't name the countries receiving the letters, but he has previously criticized key trading partners like the European Union and Japan for taking advantage of the United States, according to the report. In fact, earlier this week, Trump threatened to hit Japan with tariffs as high as 35%, though it's unclear if that was just negotiating tactic, as per the CNN report.
When he was asked on Friday if any countries would be given more time to negotiate, Trump seemed to shut that option, saying, 'Not really,' and pointed out that, 'They'll start to pay on August 1. The money will start to come into the United States on August 1, in pretty much all cases,' as quoted in the report.
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Which Deals Are Done?
However, until now, the Trump administration has signed narrow frameworks for trade deal negotiations with just the United Kingdom and China and this week Trump said that his administration has also reached an agreement with Vietnam, but the status of that arrangement remains unknown, and a framework does not appear to have been signed, as reported by CNN.
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FAQs
When will these new tariffs start?
Trump says the new tariffs will kick in on August 1, 2025, as per the CNN report.
Which countries are getting hit with 70% tariffs?
The full list isn't public yet, but Trump has hinted at Japan and the EU, as per the CNN report.