New U.S. Tariffs on Canada, Brazil, India, Switzerland Confirmed

U.S. Trade Representative Jamieson Greer confirmed on August 3, 2025, the fixed status of newly imposed tariffs on Canada, Brazil, India, and Switzerland without further negotiation adjustments.

These tariffs highlight a shift in U.S. trade policy towards “fair and balanced trade,” potentially impacting international economic dynamics and U.S. manufacturing focus.

U.S. Locks in Tariffs: Canada 35%, Brazil 50%

Jamieson Greer, confirmed as the 20th USTR earlier this year, announced that U.S. tariffs on Canada (35%), Brazil (50%), India (25%), and Switzerland (39%) are essentially fixed during ongoing negotiations. Greer emphasized the focus on balancing bilateral trade surpluses and deficits in remarks on July 31, 2025.

President Donald Trump initiated these measures, with Greer—a key architect of U.S. trade policy—overseeing their implementation.

Today is historic. For decades, American international economic policy has been subordinated to the industrial and trade policies of other countries… President Trump is reversing all of that… Global trade is now being organized around the principles of fair and balanced trade – all pursued in support of countries’ economic and national security. This new trading system will lower the U.S. trade deficit and lead to better outcomes for American workers, their families, and their communities. —Jamieson Greer, U.S. Trade Representative, USTR

Tariff Echo: Crypto Markets Unmoved, History Repeats

Did you know? The new U.S. tariffs echo strategies used in past agreements, such as the 2018-20 China tariffs and USMCA, initiated by President Trump and reshaped by Greer.

According to CoinMarketCap, Ethereum’s latest price is $3,473.29, with a market cap of approximately 419.26 billion. Trading volume dropped by 17.54% in the last 24 hours. Recent performance marked a 0.15% decline daily, an 8.86% fall over seven days, and an impressive 37.96% rise over the past 30 days.

Coincu research team highlights the uncertain implications of these tariffs on technological sectors, although immediate crypto market impacts remain undetected. The emphasis is on monitoring potential regulatory shifts if digital assets become entwined in ongoing trade discussions.