Trump tariff tracker: the latest on US levies affecting Asia

NEW YORK/TOKYO -- U.S. President Donald Trump on Friday announced sweeping tariffs of up to 41% on nearly all American trading partners that will take effect on Aug. 7.

Rates for so-called "reciprocal" tariffs for all Asian nations were increased from the baseline 10% and were set at varying levels depending on whether each managed to secure a trade agreement with Washington.

Nations that struck a deal with Trump before the Friday deadline include Japan, South Korea, the Philippines and Indonesia. Cambodia, Thailand and Taiwan have said preliminary agreements have been made, though Trump has not confirmed deals with them.

The new executive order also includes a 40% tariff rate on goods that are determined by U.S. customs as transshipped, though it is not clear how that is defined.

Trump imposed unilateral tariffs on countries around the world and duties on specific items such as steel and automobiles in his first months of his second term. His bid to revive American manufacturing has rattled Asian economies that rely heavily on exports for prosperity.

The Trump administration also had discussions with China to prolong a separate deadline, of Aug. 12, when the tariff rate could bounce back up to more than 50%. Trump has yet to decide on approving the extension.

Most of the new tariffs were ruled unlawful by a U.S. trade court on May 28, but are still being collected pending an appeals court review. If the government loses its appeal, it has said it will ask the Supreme Court to intervene. The tariffs on steel and automobiles are unaffected by the legal challenge.

Separate from reciprocal tariffs, the Trump administration has imposed additional tariffs on a global scale, with a few exceptions, on certain items based on Section 232 of the Trade Expansion Act of 1962. It argues that importing such items threatens national security.

Authorities are investigating whether to impose additional tariffs based on the same legal framework on other products such as pharmaceuticals and semiconductors.

Major developments in U.S. tariffs

March 12, 2025	A 25% tariff on steel and aluminum products takes effect on all countries with no exceptions.
April 2	President Donald Trump announces "reciprocal" tariffs.
April 3	A 25% tariff on automobiles takes effect.
April 5	A 10% "baseline" tariff is imposed on nearly all imported goods.
April 9	The "reciprocal" tariffs take effect.
April 10	President Trump pauses non-China reciprocal tariffs, except the baseline ones of 10%, for 90 days.
May 3	A 25% tariff on auto parts takes effect.
May 8	The U.S. and U.K. announce a framework for a trade agreement.
May 12	The U.S. and China announce an agreement to reduce U.S. tariffs on China to 30% from 145%, and Chinese tariffs on the U.S. to 10% from 125% for 90 days from May 14.
May 28	The U.S. Court of International Trade rules that Trump's reciprocal tariff orders exceed the authority granted to the president by law.
June 4	Tariffs on steel and aluminum products are increased from 25% to 50%.
July 3	The U.S. and Vietnam say they have reached agreement to lower tariffs.
July 8	Trump extends tariff pause until Aug. 1, sets future tariff levels for Japan, South Korea and eight other Asian countries.
July 10	New tariff rates set for Philippines, Sri Lanka and Brunei.
July 23	Reduced "reciprocal" tariff rates announced for Japan, Indonesia and the Philippines, along with lower tariffs for auto and auto parts imports from Japan.
July 30	Trump announces deals with South Korea and Pakistan, sets 25% "reciprocal" tariff rate for India.
July 31	Tariff rates to take effect Aug. 7 set across rest of Asia, including 20% level for Taiwan.