Trump sets new tariffs on dozens of countries’ exports
Al Jazeera
Trump imposed tariffs on dozens of countries in advance of his August 1 deadline to strike trade deals.
US President Donald Trump has signed an executive order reimposing “reciprocal tariffs” ranging from 10 percent to 41 percent on US imports from dozens of countries and foreign locations.
Separately, Trump also signed an executive order late on Thursday that increased tariffs on certain Canadian goods, with the White House accusing Ottawa of failing to “cooperate in curbing the ongoing flood of fentanyl and other illicit drugs” entering the US.
In a statement on Thursday titled “Further Modifying the Reciprocal Tariff Rates”, the US listed some 69 trading partners and their respective “adjusted” tariff rates.
US-bound exports from some of Washington’s major trading partners – including Australia and the United Kingdom – will be subject to the baseline rate of 10 percent.
Other key trading partners – including India at 25 percent and Taiwan at 20 percent – have had higher rates imposed as slow-moving trade deal negotiations continue.
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