Dear Valued Client,

The President has announced on Truth Social with a letter to Canada that effective August 1, 2025, Canada will face a 35% tariff. The letter also advises that goods transshipped to avoid the higher tariff will be subject to a higher tariff.

So far, the Administration has sent letters to 25 countries all effective August 1.  Here are the countries:

Japan (25%)

Korea (25%)

South Africa (30%)

Kazakhstan (25%)

Laos (40%)

Malaysia (25%)

Myanmar (40%)

Tunisia (25%)

Bosnia and Herzegovina (30%)

Indonesia (32%)

Bangladesh (35%)

Serbia (35%)

Cambodia (36%)

Thailand (36%)

Brazil (50%)

Algeria (30%)

Iraq (30%)

Libya (30%)

Sri Lanka (30%)

Brunei (25%)

Moldova (25%)

South Korea (25%)

Philippines (20%)

Canada (35%)

Click below to read more:

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Dear Valued Client,

The President has announced on Truth Social that effective August 1, 2025, there will be a 50% tariff assessed on copper imports. The President states that copper is the second most used material by the Department of Defense.

The Administration ordered a Section 232 investigation on copper back in February. The President notes in his post that he has received robust National Security Assessment which results in the copper tariff announcement.

At this time, there is no official Executive Order addressing the copper tariffs.

Click below to see the Truth Social Post:

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Dear Valued Client,

On July 7, the administration has notified several different countries including Japan and South Korea of their new reciprocal tariffs that are expected to be applicable as of August 1. These letters are related to the reciprocal tariffs from the April 2 Executive Order 14257 that were paused starting on April 9.  

Additionally, the President has signed an executive order extending the 10% reciprocal tariff to continue until at least August 1.

Click below to reach the White House Fact sheet and Executive Order:

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