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New Tariff Announcements Continue: Brazil and Copper Imports Face 50% Tariff

| General Government Relations

Yesterday, President Donald Trump announced additional plans to impose new tariff rates on imports from several countries, including Brazil and the Philippines. The President also noted late last night that he will impose a new 50% tariff on copper imports following a Section 232 investigation into imports – NMMA submitted comments earlier this year, highlighting how the industry utilizes copper in several components, parts, and products.

Similar to previous announcements this week, the new tariff on Brazilian imports were announced via Truth Social and are expected to go into effect on Aug. 1, unless the country can reach a trade framework with the U.S. New reciprocal tariff rates for the European Union (EU) have yet to be announced as U.S.-EU trade negotiators continue meeting this week in an effort to strike a deal to avoid rate increases.

While NMMA awaits further details from the White House, below is the list of countries with their new tariff rates, and the additional countries that were announced yesterday are bolded. 

  • 20% Tariffs: Philippines
  • 25% Tariffs: Japan, South Korea, Malaysia, Kazakhstan, Tunisia, Moldova, Brunei
  • 30% Tariffs: South Africa, Bosnia, Herzegovina, Algeria, Libya, Iraq, Sri Lanka
  • 32% Tariffs: Indonesia
  • 35% Tariffs: Bangladesh, Serbia
  • 36% Tariffs: Cambodia, Thailand
  • 40% Tariffs: Laos, Myanmar
  • 50% Tariffs: Brazil


The new 50% tariff on copper imports will begin on Aug. 1, and it is unclear if this would affect imported products or components that contain copper. Copper plays an essential role in the manufacturing of several key recreational marine parts, products, and components, such as electrical wiring, navigation equipment, propellers, propulsion systems, fittings, appliances, and several other uses.

NMMA will continue working with the administration, Congress and industry partners to ensure U.S. trade policy is targeted, balanced and aligned with the needs of American manufacturers.

For more information, contact NMMA’s Clay Crabtree, Senior Director of Public Policy, at [email protected].