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Months after the reciprocal tariff unveiling on April 2, President Donald Trump's tariffs on imported goods took effect on Friday with new rates announced the night before.The latest round of tariffs saw tariffs for imports from Brazil return to 10% from 50% that Trump threatened to raise after he accused Brazil's government of subjecting the country's former president Jair Bolsonaro to what he calls a "witch hunt."It also saw tariffs for imports from the European Union drop to 0% for goods with a column 1 duty rate less than 15%, according to the White House.Trump has delayed the tariff deadline several times in the past as he worked to solidify new trade deals.In the past months, the president has secured trade deals with China, the United Kingdom, Indonesia, the Philippines, the European Union, Japan and South Korea. What happens now? At midnight Eastern time on Aug. 1, the U.S. Customs and Border Protection began enforcing these new tariffs.This includes tariffs on some of the country's biggest trading partners, such as Mexico and China, whose goods will face a 30% additional tax. Canada’s tariffs were raised to 35% by Trump in July.Sectoral tariffs will also start to take effect. This includes a sweeping 50% tariff on copper as well as copper-intensive derivative products such as pipe fittings, cables, connectors, and electrical components.As well as a 200% tariff on pharmaceuticals, which will soon come into effect, Trump has given companies a year and a half to reshore supply chains. On Thursday, Trump signed an executive order challenging U.S. drugmakers to lower prices within 60 days. Low-value parcels shipped to the United States from all countries will also see the effect of tariffs, after Trump signed an executive order suspending what's known as a de minimis exemption that would have spared online retailers.For a more comprehensive list of all the tariffs, you can check our tracker below.PHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4K