US tariff accords: Countries that have struck tariff deals with the US
Most agreements take effect August 1: 2025 update and impacts
The Trump administration has concluded or announced tariff agreements with a series of countries as part of its reciprocal tariff campaign in 2025.
Several countries have reached new tariff terms, often lowering rates from initial proposals set in April.
Many deals are still being finalised:
The story so far
A pattern of reciprocal tariff rates from 15% to 50% has emerged, with significant US trading partners generally settling in the 15–36% range depending on prior disputes and economic leverage, according to Bloomberg.
The Trump administration has maintained a firm stance on the August 1 deadline, signaling that tariffs will be imposed at the announced rates unless a deal is finalised by then.
While the Europeans are pushing back, calling the US move as a form of "coercion", Commerce Secretary Howard Lutnick has expressed optimism that despite the deadline being firm, negotiations could continue even after tariffs begin to be applied, highlighting the importance of the US-EU trade relationship as the world's two largest trading partners.
Most agreements, however, take effect August 1, 2025.
| Country | New US Tariff on Imports | New Partner Tariff on US Goods | Notable Details |
|---|---|---|---|
| Japan | 15% | 15% | Japan to invest $550B in US. |
| Indonesia | 19% | 19% | Reduced from previous 32%. |
| Philippines | 19% | 19% | Trade deal announced July 22. |
| Vietnam | 20% | 0% | Vietnam agreed to cut its tariff barriers to zero. |
| South Korea | 25% | 25% | Reciprocal rate, effective August 1. |
| Malaysia | 25% | 25% | Reciprocal rate, effective August 1. |
| Mexico | 30% | 25% | 25% on most goods; select items 10%/0%. |
| Switzerland | 31% | 31% | Effective August 1. |
| Thailand | 36% | 36% | Reciprocal rate, effective August 1. |
| EU | 30% | 10% | Ongoing talks, reciprocal arrangement pending. |
| Canada | 35% | 25% | Increased from 25% (August 1). |
| China | 30% | 10% | Tariffs drastically reduced from earlier 125-145%. |
Tariff negotiation status (selected others)
Reciprocal tariffs have also been set (mostly effective August 1, 2025) with Bangladesh, Cambodia, Israel, Jordan, Kazakhstan, Mauritius, Sri Lanka, Tunisia, Taiwan, and more.
Most rates range from 17%–49%, as per the White House and Trade Compliance Resource Hub.
The US adopted a temporary flat 10% universal tariff in April, with exceptions for China (30%) and certain other partners.
Many reciprocal tariffs are slightly higher (15%-36%) in the new deals, replacing the universal rate for participating countries.
Most non-USMCA Canadian goods will face higher tariffs as of August 1, 2025, as per Avalara.
Gains for the US
On a broader scale, Trump's tariffs gambit has yielded a number of goodies for US companies: improved market access for US goods as its trading partners have agreed to tariff reductions.
America has also secured more foreign investments (potentially balancing the supply chain equation that is disadvantageous to the US) while increasing revenue.
Following is the lowdown on the gains for Trump so far:
Tariff reductions from partners: Several partner countries, notably Vietnam, have agreed to lower or eliminate their tariffs on US exports, with Vietnam pledging zero tariffs on most American goods as part of its deal.
Market access: China reportedly agreed to enhance market access for US businesses, though the details and depth of these changes are debated.
Foreign investment: As part of the Japan accord, Japan committed to invest $550 billion in the US economy.
Increased revenue: Tariff collections spiked in the first months of implementation, with tariff income exceeding $16 billion in April—although this had limited impact on the overall federal deficit.
Negotiating leverage: Delaying tariff hikes and using upcoming deadlines allowed the administration to pressure partners for further concessions, though many deals have only modestly improved terms for the US so far, as per the White House “fact sheet”.
Supply chain shifts: The administration insists that new agreements will decrease US dependency on Chinese supply chains, urging companies to relocate production stateside.
Trade balance efforts: The central rationale behind the policy remains the desire to address the ongoing US trade deficit, though material improvements on this metric are still unfolding, according to the White House.
Fact File
In April 2025, the US imposed a universal 10% tariff on imports, with higher rates for China (30%) and case-by-case adjustments for other countries as talks progressed, according to Passport Global.
Throughout spring and summer, major partners including Japan, Indonesia, Vietnam, Mexico, and the EU entered or are negotiating reciprocal tariff arrangements.
As of July 24, 2025, the US and EU are in advanced negotiations on a tariff deal aiming to set most EU imports to the US at a 15% tariff rate.
This is significantly lower than the threatened 30% baseline tariff the US intends to impose starting August 1, 2025, if no deal is reached.
This potential agreement would cover sectors including automotive imports, steel, aluminium (which may face higher tariffs above certain quotas, possibly up to 50%), and other goods.
Facing the prospect of a sharp tariff increase, the EU has prepared retaliatory measures targeting approximately €100 billion ($117 billion) worth of US goods with planned tariffs up to 30%, to take effect shortly after August 1 if no deal materialises.
Europe's countermeasures combine previous tariff lists covering about €93 billion of US goods. There is also a growing willingness within the EU to adopt the bloc’s anti-coercion mechanism, which would empower the European Commission to enact retaliatory trade measures against the US more effectively.
Some countries agreed only to interim deals, or are still in negotiation, with tariff rates varying or delayed to give time for further negotiation, BBC reported.
Analysts note the deals are less ambitious than initial White House rhetoric.
However, the tariffs deals have opened specific new export opportunities for US farmers and manufacturers, secured large foreign capital commitments, and achieved reductions in tariffs imposed by some trade partners, according to NBC News.
Sign up for the Daily Briefing
Get the latest news and updates straight to your inbox
