President Trump announces reciprocal tariffs on 60+ countries effective midnight. The US average tariff rate reaches 18.3%, down from a 27% peak earlier in 2025. India and Brazil face the steepest 50% rates, while China maintains a 30% truce. President Donald Trump announced that reciprocal tariffs on over 60 countries worldwide take effect at midnight. He also claimed that “billions of dollars” will begin flowing into the United States treasury. The President posted on Truth Social that countries that have “taken advantage” of America for years will now contribute substantial revenue. Trump’s latest tariff regime creates the most comprehensive trade protection system implemented during his administration. The average applied US tariff rate stands at 18.3% as of August 2025, down from a peak of 27% reached earlier this year. India and Brazil Face Maximum 50% Tariff Rates India confronts the highest tariff burden at 50%, comprising a 25% baseline rate plus an additional 25% penalty for purchasing Russian oil. This base will take effect today, and the additional one on August 27 as part of efforts to discourage energy trade with sanctioned nations. Sou… The post Donald Trump Says Reciprocal Tariffs Take Effect at Midnight, “Billions” to Flow appeared first on Coin Edition .
