US Reciprocal Tariffs Hit About 100 Countries From Aug 1; China Window Expires Aug 12

Summary

Washington's reciprocal tariff schedule took effect on August 1 across roughly 100 trading partners, the largest US import tax increase relative to GDP since 1993, with Mexico's 25% rate held unchanged for a further 90 days of negotiation. Importers are now tracking the August 12 expiry of China's lower reciprocal rate and an appeals court review of IEEPA authority.