When U.S. President

Donald Trump

announced a 90-day pause on so-called

“reciprocal” tariffs

until July 9, his administration aimed to make “90 deals in 90 days.” That was pushed back to Aug 1, with a new set of tariffs on several countries set to take effect. Here’s a roundup of the

trade deals

the U.S. has announced so far — including a massive energy agreement with the EU — as the deadline approaches.

United Kingdom

Tariff rate: 10 per cent, with some exemptions

The Trump administration made its first deal on May 8, when the U.S. and the U.K. announced a baseline 10 per cent tariff on most goods exported to the U.S., with exemptions for certain sectors.

The agreement officially went into force on June 30 and includes a tariff-rate quota on automobiles — the U.K.’s biggest export to the U.S. — which are taxed at 10 per cent for the first 100,000 vehicles and 25 per cent afterwards.

The deal eliminated tariffs for the aerospace sector on U.K.-produced goods, including engines and aircraft parts. Steel and aluminum products are tariffed at 25 per cent, but the White House said it would work to establish tariff-rate quotas for certain products.

The U.K. agreed to open its market to American beef, ethanol (used in the production of beer) and other agricultural exports.

Vietnam

Tariff rate: 20 to 40 per cent

The U.S. and Vietnam announced a trade deal on July 2 that sets a 20 per cent tariff on Vietnamese-produced goods and a 40 per cent levy on “transshipping,” whereby goods are produced in another country and transported through Vietnam before reaching the U.S. In return, Vietnam agreed to drop all tariffs on U.S. imports.

Trump’s original 46 per cent tariff on goods from Vietnam was among the highest imposed on more than 50 countries as part of his sweeping “Liberation Day” rate announcements on April 2.

The U.S. is Vietnam’s main export market, and an important footwear and apparel manufacturing hub for retail big wigs including Nike Inc., Adidas AG, Gap Inc. and Lululemon Athletica Inc. In 2024, Vietnam shipped about 40 per cent of its US$44 billion in textiles and garment exports to the U.S.

Japan

Tariff rate: 15 per cent

On July 22, Trump announced a deal with America’s fifth-largest trading partner that will see a 15 per cent tariff charged on all goods imported from Japan.

The U.S. is Japan’s largest export market and is particularly important for the country’s auto industry, as vehicles accounted for 28 per cent of all exports to the U.S. in 2024. Japan also agreed to open its market to U.S. cars and trucks.

In a release, the White House said Japan will invest US$550 billion in the U.S. and purchase US$8 billion worth of U.S. goods including “corn, soybeans, fertilizer, bioethanol and sustainable aviation fuel,” as well as 100 Boeing airplanes and other U.S. defence equipment.

Indonesia

Tariff rate: 19 per cent

The U.S. announced on July 22 that a 19 per cent tariff will be levied on goods imported from Indonesia, lower than the initial 32 per cent Trump announced on “Liberation Day.”

In a release outlining the framework for the trade agreement, the White House said Indonesia will eliminate tariffs on “over 99 per cent of U.S. products exported to Indonesia across all sectors, including for all agricultural products, health products, seafood, information and communications technology, automotive products and chemicals.”

The White House said in its statement that the deal between the two countries will also address “non-tariff barriers” for U.S. industrial and agricultural exports, and that Indonesia will remove restrictions on critical-mineral exports to the U.S.

The Philippines

Tariff rate: 19 per cent

Goods from the Philippines will be charged a 19 per cent tariff when imported to the U.S., Trump said in a July 23 announcement. American goods shipped to the Philippines will not be subject to tariffs.

Trump initially announced a “reciprocal” tariff of 17 per cent on imports from the Philippines in April and later threatened a 20 per cent tariff if a deal wasn’t reached by Aug. 1.

He later said in a social media post that Philippine President Ferdinand Marcos Jr. was a “very good and tough negotiator” and that the two countries would work together “militarily,” but the White House hasn’t released further details about the deal.

European Union

Tariff rate: 15 per cent

Trump and European Commission President Ursula von der Leyen announced on July 27 that the two sides hammered out a trade-deal framework, which includes a 15 per cent tariff on EU goods imported to the U.S.

According to a statement by von der Leyen, the flat tariff rate will cover the “vast majority of EU exports,” including cars, semiconductors and pharmaceuticals. The deal involves “zero-for-zero” tariffs on products including “all aircraft and component parts,” as well as on certain chemicals, generics, semiconductor equipment, agricultural products, natural resources and critical raw materials.

The 27-nation bloc also agreed to give American products “better access” to its markets. Trump’s 50 per cent tariffs on European steel and aluminum will stay in place as the two sides negotiate a quota system.

Similar to the Japan deal, the EU pledged to invest US$600 billion in the U.S. and purchase American semiconductors and military equipment. As it transitions away Russian imports, the EU also agreed to spend US$750 billion on U.S. energy commodities, including liquified natural gas, oil and nuclear fuels, over the next three years.

Deals in the works

In May, the U.S. and China agreed to lower their tariffs for 90 days. The two countries announced a preliminary trade framework in June, but details are scarce and negotiations ongoing. U.S. and Chinese officials are set to meet in Sweden to continue talks from July 27 to 30.

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In early July, Trump sent letters to several countries with new reciprocal tariff rates set to take effect on Aug. 1. On July 23, he said that the U.S. would impose a “straight, simple tariff of anywhere between 15 per cent and 50 per cent.” Negotiations are ongoing with major trading partners including Canada, Mexico, South Korea, India and Brazil.

• Email: jswitzer@postmedia.com