{"id":32239,"date":"2025-08-01T14:47:16","date_gmt":"2025-08-01T06:47:16","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=32239"},"modified":"2025-08-08T17:55:58","modified_gmt":"2025-08-08T09:55:58","slug":"us-tariff","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/us-tariff\/","title":{"rendered":"Trump\u2019s Tariff Surge: Who Pays More and How to Adapt?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"32239\" class=\"elementor elementor-32239\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27d2ba1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27d2ba1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-967841e\" data-id=\"967841e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1eadb67 elementor-widget elementor-widget-text-editor\" data-id=\"1eadb67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The US has raised tariffs on <strong>Canadian<\/strong> imports to 35%, effective immediately. This move is part of a sweeping new US tariff regime affecting dozens of countries, with some rates as high as 50%, and comes after a flurry of last-minute trade negotiations.\u00a0<\/p><p>Here are some of the key changes:<\/p><ul><li><strong>South Korea, Japan, and the EU<\/strong> secured 15% tariffs on cars, while <strong>Australia<\/strong> retains a 10% rate.<\/li><li><strong>Mexico<\/strong> gets a 90-day reprieve.<\/li><li><strong>Taiwan<\/strong> faces a 20% tariff.<\/li><li><strong>India<\/strong> gets a 25% one.<\/li><li>Asian exporters like <strong>Laos and Myanmar<\/strong> face 40%+ duties.<\/li><li><strong>Switzerland<\/strong>, a major US trading partner, faces 39%.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9623bbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9623bbb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73daba6\" data-id=\"73daba6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eeda3c7 elementor-widget elementor-widget-heading\" data-id=\"eeda3c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Insights for Global Buyers &amp; Suppliers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-686ed75 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"686ed75\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ed102a\" data-id=\"6ed102a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d70283 elementor-widget elementor-widget-text-editor\" data-id=\"1d70283\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This round of US tariffs has immediate effects on the following areas:<\/p><ul><li><strong>Cost Increases:<\/strong> Importers to the US should prepare for significant cost hikes, especially from Canada and many Asian countries. These costs may be passed on to consumers, affecting global supply chains and retail prices.<br \/><br \/><\/li><li><strong>Trade Diversion &amp; Compliance:<\/strong> Suppliers may consider rerouting supply chains, but new rules penalize transshipping with extra duties.<br \/><br \/><\/li><li><strong>Deal Urgency:<\/strong> Countries with lower tariffs reached last-minute deals; those without face punitive rates. Ongoing negotiations, especially with China, may shift the landscape further.<br \/><br \/><\/li><li><strong>Uncertainty:<\/strong> The fast-changing tariff environment demands agility in procurement and sales strategies, with careful monitoring of ongoing negotiations and policy shifts.<\/li><\/ul><p>Traders around the world need to be alert to ongoing tariff news and adjust their shipping accordingly.<\/p><p><a href=\"https:\/\/www.bbc.com\/news\/live\/cpqvdxzwv22t\" target=\"_blank\" rel=\"noopener\"><em>Source: BBC News<\/em><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b0644a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b0644a4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c2f2eaa\" data-id=\"c2f2eaa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70c8717 elementor-widget elementor-widget-text-editor\" data-id=\"70c8717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These tariffs will be updated indefinitely, therefore global traders like you are suggested to stay tuned to the official sites regularly.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a626fa2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a626fa2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-044b761\" data-id=\"044b761\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b2eba70 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b2eba70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-714751b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"714751b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c87614\" data-id=\"0c87614\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cdfba57 elementor-widget elementor-widget-heading\" data-id=\"cdfba57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trusted e-Marketplace to Navigate Tariffs' Impacts<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-42ab300 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"42ab300\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-360101f\" data-id=\"360101f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-458acf5 elementor-widget elementor-widget-text-editor\" data-id=\"458acf5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Be sure to continue your sourcing with\u00a0<strong><em>hktdc.com Sourcing<\/em>, a statutory-backed e-Marketplace<\/strong>\u00a0with thousands of product varieties and trusted by millions of buyers and suppliers worldwide.<\/p><p>Our e-Marketplace provides a one-stop e-commerce platform for suppliers like you to:<\/p><ul><li>display a comprehensive product portfolio<\/li><li>showcase certifications, awards and third-party verifications<\/li><li>meet potential buyers online anytime, anywhere<\/li><li>ensure your products appear in relevant buyer searches with advanced AI technology<\/li><\/ul><p>Kickstart your exploration by clicking the banner below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8cf9565 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8cf9565\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59b28a6\" data-id=\"59b28a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6034197 elementor-widget elementor-widget-image\" data-id=\"6034197\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sourcing.hktdc.com\/newsbites\/become-a-supplier\/trade-war\/en\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"508\" src=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-1024x508.png\" class=\"attachment-large size-large wp-image-31671\" alt=\"\" srcset=\"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-1024x508.png 1024w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-600x297.png 600w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-768x381.png 768w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-1536x761.png 1536w, https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2025\/07\/tradewar-2048x1015.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0e5d43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0e5d43\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-217c604\" data-id=\"217c604\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-233436f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"233436f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The US has raised tariffs on Canadian imports to 35%, effective immediately. This move is part of a sweeping new US tariff regime affecting dozens &hellip; <\/p>\n","protected":false},"author":28,"featured_media":32402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-32239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s Tariff Surge: Who Pays More and How to Adapt? - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"The US has raised tariffs on Canadian imports to 35%, effective immediately. 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