US President Donald Trump’s latest tariff adjustments, ranging up to 41% on imports from numerous countries, elicited mixed reactions globally as some nations secured lower rates through negotiations, while others faced disappointment after missing the August 1 deadline. Effective August 7, the new tariffs have left financial markets unsteady, with the US dollar weakening and Asian benchmarks like South Korea’s Kospi falling nearly 4%.

Canada expressed regret as its tariff rose to 35% from 25%, with Prime Minister Mark Carney disputing Trump’s claims of inadequate drug trafficking control, noting Canada accounts for just 1% of US fentanyl imports. Switzerland, hit with a 39% tariff, lamented the increase from 31%, vowing to pursue negotiations. New Zealand’s Trade Minister Todd McClay criticized a 15% tariff hike, warning it could strain exporters already grappling with a $1.1 billion trade surplus with the US.

Japan cautiously welcomed a 15% tariff deal, with Chief Cabinet Secretary Yoshimasa Hayashi urging swift implementation, particularly for auto exports. Taiwan’s President Lai Ching-te, facing a reduced 20% tariff, remains hopeful for further cuts. Cambodia’s Deputy Prime Minister Sun Chanthol celebrated a drop to 19% from 49%, pledging zero tariffs on US goods and Boeing aircraft purchases.

Also Read: Trump Hikes Tariffs on Canada to 35%

Thailand and Bangladesh also saw relief, with tariffs lowered to 19% and 20%, respectively. However, China’s fate remains uncertain post failed Stockholm talks, with no word on extending an August 12 tariff pause. As global markets brace for Trump’s next move, uncertainty continues to rattle investors.

Also Read: Trump’s Pakistan Oil Deal Hit with 19% Tariffs