WASHINGTON (TNND) — Tariffs ranging from 10% to 50% took effect at midnight on more than 60 countries after they were unable to make trade deals with the United States by President Donald Trump's third self-imposed deadline.

Major industrialized economies like the EU and South Korea are facing 15% tariffs, while countries with which the U.S. has a trade surplus are being hit with 10% rates. Bangladesh, Sri Lanka, Taiwan and Vietnam are at 20%, India’s tariffs are 50% and Brazil’s final rate is 50%.

"RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT! BILLIONS OF DOLLARS, LARGELY FROM COUNTRIES THAT HAVE TAKEN ADVANTAGE OF THE UNITED STATES FOR MANY YEARS, LAUGHING ALL THE WAY, WILL START FLOWING INTO THE USA," Trump wrote on Truth Social just before the deadline. "THE ONLY THING THAT CAN STOP AMERICA’S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!"

China and Mexico have received an extension from Trump’s new tariff list to keep negotiations moving, but are also likely to see higher tariffs if a deal is ultimately reached.

Canada was hit with an increase to 35% on goods that do not comply with the U.S.-Mexico-Canada Agreement, though most Canadian goods sent to the U.S. qualify for the exemption.

Trump cited in another order a lack of cooperation in stemming trafficking in illicit drugs across the northern border.

Canadian Prime Minister Mark Carney criticized Trump's justification, saying, "Canada accounts for only 1% of US fentanyl imports and has been working intensively to further reduce these volumes."

Trump reached a deal with South Korea last week, and earlier with the European Union, Japan, Indonesia, and the Philippines.

Trump imposed the Friday deadline after his previous “Liberation Day” tariffs in April resulted in a stock market panic. His unusually high tariff rates unveiled in April led to recession fears, prompting Trump to impose a 90-day negotiating period. When he was unable to create enough trade deals with other countries, he extended the timeline and sent out letters to world leaders that simply listed rates, prompting a slew of hasty deals.

White House Press Secretary Karoline Leavitt said Monday that more than $29 billion in tariff revenues were collected by the U.S. government in July, pushing the total tariff revenue for this year to more than $152 billion.

The president has claimed his tariffs and trade deals will bring a manufacturing boom to the United States as companies are compelled to reshore production away from cheaper markets overseas and be a boon to American prosperity.

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Editor's note: The National News Desk's Austin Denean contributed to this article.