Trash Haulers to Carmakers Feel Tariff Pain: Industrial Strength (1)

Aug. 1, 2025, 4:00 PM UTC

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The biggest reset of international trading relationships in a century is starting to hurt — particularly in the manufacturing industry that President Donald Trump’s sweeping tariff policy is meant to help.

For those countries who haven’t yet brokered agreements on tariff rates with the White House — including Canada, Taiwan and Switzerland — the clock ran out on Friday for a temporary reprieve from higher levies. The deals that have been reached include tariffs that range from 15% to 20% — lower than what Trump had threatened but enough to ...

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