US President Donald Trump has announced new tariffs on imported goods from countries with trade surpluses and deficits, starting August 7. The move is expected to significantly impact global trade. A 10% levy will be imposed on countries with a trade surplus, while 40 nations with a trade deficit will face a 15% tariff. Some countries, such as Brazil, could see levies of up to 50%. This marks the highest tariffs since 1933, which contributed to the worsening of the Great Depression during that time.
Source: https://edition.cnn.com/2025/08/01/business/trump-tariffs-countries-list-vis