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The U.S. Customs and Border Protection (CBP) has confirmed that the Trump administration's new tariff policy will officially take effect at 12:01 AM Eastern Time on August 7, 2025. The following is a detailed analysis of the policy's key points and impacts:

1. Shopee Business Edition Core Content of the New Tariff Policy

Effective Date: August 7, 2025, applies to goods declared for customs or picked up for consumption from bonded warehouses after that date.

Exemptions:

Semiconductors: Currently exempt from tariffs, but Trump has repeatedly threatened to impose tariffs on them, and this policy may change in the future.

Specific Goods: Products under the United States-Mexico-Canada Agreement (USMCA) and aid supplies (food, medicine, etc.) are exempt.

Transit Goods: Goods found to be circumventing tariffs by transshipping through a third country will be subject to a 40% punitive tariff, with no room for reduction.

2. Shopee Business Edition Tariff Rate Adjustments

Base Rate: Most countries face tariffs ranging from 10% to 41%, depending on the trade deficit and bilateral agreements.

EU, Japan, and South Korea: Reduced to 15% (previously 20%-25%)12.

Malaysia: Reduced from 25% to 19%, with semiconductors exempted11.

Brazil: The nominal tariff rate is 10%, but after adding a 40% surcharge, the effective tariff on some products reaches 50%12.

Historical comparison: The average US tariff rate has risen from 2.3% in 2024 to the current 15.2%, the highest level since 193412.

3.Shopee Business Edition Impact on Businesses and Supply Chains

Semiconductor Industry: Although tariffs have been temporarily waived, companies remain concerned about policy fluctuations. Companies like GlobalFoundries are accelerating the regionalization of their supply chains to mitigate risks16.

Transshipment Impact: Goods shipped from China through Southeast Asia will be subject to a 40% tariff, potentially forcing companies to adjust their global layout6.

Cost Shifting: Industries such as automotive and consumer goods have reported losses exceeding $1 billion due to tariffs, and some brands plan price increases1012.

4.Shopee Business Edition Economic and Political Risks

Inflationary Pressure: Yale University predicts that tariffs could increase average US household spending by $2,400 by 2025.

Political Gambling: Trump views tariff revenue as a fiscal source (estimated to reach $300 billion in 2025), but rising consumer costs could affect electoral support.

International Reaction: While countries like the EU and Japan have accepted high tariffs, the agreements are largely verbal, with vague details and long-term trust questionable.

5. Subsequent Focus

Semiconductor Exemption Duration: If the exemptions are revoked in the future, the global chip supply chain could be impacted.

Rules of Origin: The Trump administration plans to strengthen scrutiny and further curb indirect Chinese exports.

Negotiation Progress: Regions without an agreement, such as Canada and Taiwan, may face higher tariffs.

Summary: This tariff policy signals a deepening of US trade protectionism. While exemptions and negotiations have mitigated some of the impact in the short term, it may exacerbate global supply chain fragmentation in the long term. Companies should closely monitor exemptions for key industries like semiconductors and the enforcement of transshipment rules.

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