US President Donald Trump on Tuesday announced that his administration will impose new tariffs, likely just over 10 per cent-on imports from more than 100 smaller countries, including nations in Africa and the Caribbean.
Speaking to reporters, Trump said the tariffs would be uniformly applied, stating, “We’ll probably set one tariff for all of them.”
Commerce Secretary Howard Lutnick clarified that the targeted countries typically have modest trade volumes with the US, and the move is unlikely to impact the broader US trade deficit. Nonetheless, the new tariffs form part of .
In recent weeks, detailing new tariff rates set to take effect on August 1. These tariffs mirror those announced on April 2 and follow a 90-day negotiation window that ended on July 9.
Trump also hinted that tariffs on pharmaceutical imports could be introduced by the end of the month, saying companies would be given a year to set up domestic production before higher rates kick in. Computer chips are expected to face similar phased tariffs.
On Tuesday, which includes a 19 per cent tariff on all Indonesian goods entering the US. In return, American exports will enjoy full access to Indonesia’s markets, free of tariffs and trade barriers. The deal replaces a previously proposed 32 per cent tariff on Indonesian imports and reflects Trump’s aggressive strategy to pressure trading partners while expanding US export opportunities.
On the same day, saying his tariff strategy is helping open up Indian markets to American goods.
India’s trade team, led by chief negotiator Rajesh Agrawal, is currently in Washington for talks that have raised hopes of a deal. India is the top US trading partner targeted by Trump’s “reciprocal tariffs.”