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Asian Investment Desk
Banking and Finance
Banking Regulation
Capital Markets
Corporate and Commercial
Corporate Compliance
Energy
Environmental
ESG | Environmental, Social and Governance
Fintech
Fishery
Forestry
Immigration
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Insurance and Reinsurance
Intellectual Property
International Trade and Customs
Labor & Employment
Life Sciences
Maritime and Aviation
Mergers and Acquisitions
Mining
Oil & Gas
Privacy and Data Protection
Project Development
Project Finance
Public Law
Public Procurement
Public Services Regulation
Real Estate Investment
Restructuring and Insolvency
Tax
Telecom, Media & Technology (TMT)
Venture Capital and Entrepreneurship
Water Resources and Sanitation
Wealth Management
Alert
Foreign Trade and Customs Alert - August 2025
For more information, contact:
August 8, 2025
INCREASE IN ADDITIONAL TARIFFS ON IMPORTS INTO THE UNITED STATES
On August 7, 2025, a new additional tariff scheme established by the United States (US) government came into effect, with rates exceeding the base tariff of 10% for certain countries.
Global outlook:
- In cases where the US has reached trade agreements or is in advanced stages of negotiations, the additional tariff has remained at 10% or has been set at 15% (for example, with the United Kingdom, European Union countries, Japan, South Korea, among others).
- In other cases, additional tariffs have been set between 30% and 50% (Switzerland, South Africa, Canada, India, etc.).
- There are unique cases such as China and Mexico, where the increase in additional tariffs has been suspended until August 12 in the first case and until the end of October in the second. For the time being, they remain at 30% for China and 25% for Mexico.
- Among South American countries, the most notable increase is for Brazil (tariff increased to 50%). In the case of Bolivia, Ecuador, and Venezuela, tariffs have been increased to 15%, while in the rest of the countries, the additional tariff remains at 10%.
Peruvian case:
- For Peru, the additional tariff remains at 10%. Talks between Peruvian and US authorities have continued to progress based on objective and technical aspects. Results are expected later this year.
- Imports into the US of products such as copper concentrates and cathodes, steel and aluminum derivatives, pharmaceuticals, and semiconductors, among others, are exempt from the additional tariff.
- It is possible to reduce the effect of additional tariffs on imports into the US if it can be proven that at least 20% of the imported final product contains components that are wholly produced or substantially transformed in the US. In such cases, the additional tariff applies only to the component that is not of US origin.