August Tariff Increases Hit Array of Goods—From Coffee to Pharmaceuticals
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Navigating Washington: Insights for Business

August Tariff Increases Hit Array of Goods—From Coffee to Pharmaceuticals

06 August 2025 / Brief

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US consumers and companies will face higher prices in the months ahead, as the Administration levels up tariffs from its baseline of 10%. Ahead of last week’s tariff deadline, the Administration announced new frameworks via Executive Orders.

The US now has an effective tariff rate of about 18%, the highest since the 1930s. Significant tariff increases include imported goods from the following countries, effective August 7:

  • Brazil: A 50% tariff will mean higher coffee prices. The US imports a third of its coffee from Brazil.
  • Switzerland: A 39% tariff will impact watches, chocolate, and coffee prices.
  • India: A 25% tariff rate on India will impact generic drugs and active pharmaceutical ingredients—leading US imports from India.
  • European Union: At a tariff rate of 15%, goods from the EU are lower than many other trading partners. However, pharmaceuticals aren’t exempted from the agreement. About three-quarters of the US’s $212 billion of imported drugs come from the EU.
  • China: A 30% baseline tariff rate continues. China’s on a separate timeline for t

Author

Erin McLaughlin

Erin McLaughlin

Senior Economist, ESF

Read BioErin McLaughlin

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