Donald Trump signed an executive order to sign tariffs on dozens of U.S. trading partners hours before the August 1 deadline.
The new tariffs are the next step to test the global economy and will take effect within 7 days. The extension reflects senior officials who spoke to journalists on condition of anonymity that the government needs more time to coordinate tariff rates, AP reported.
The order applies to the EU with 68 countries and 27 members. The export rate of India-US alliance is set at 25%, Taiwan is 20%, Thailand is 19%, and South Korea is 15%.
Trump also increased tariffs on Canadian goods from 25% to 35%, while all products not covered by the U.S.-Mexico trade agreement, but brought 90 days of fees to Mexico, obtaining higher tariffs from higher tariffs to negotiate a broader trade deal. Trump has Threat on Wednesday Ottawa acknowledged that the Palestinian state’s move would make it “very difficult” to agree to the trade deal.
Asian stocks fell on Friday after the tariffs were announced.
Keep reading for more information about tariffs and other keys American politics Daily News:
Trump imposes 10% to 41% tariffs on dozens of countries hours before the deadline
US President Donald Trump An executive order was signed to impose reciprocal tariffs, 10 to 41% of imports from dozens of countries and foreign locations, as he extended the deadline for the tariff agreement with Mexico by 90 days.
Before August 1, India’s U.S. export rate was set at 25%, Taiwan’s 20%, South Africa’s tax rate was 30%, and South Africa’s interest rate was 30%. Brazil has set a tariff rate of 10%, but Trump’s previous order imposed a 40% tariff on some Brazilian goods to punish the country in order to sue its former president, Jair Bolsonaro, in an attempt to overturn his lost election and motivate his supporters and motivate his supporters to attack the government’s location.
In addition, the White House announced that Canadian imports would face a 35% tariff, rather than the current 25%. Trump has Threat on Wednesday Ottawa acknowledged that the Palestinian state’s move would make it “very difficult” to agree to the trade deal.
Trump signs order to increase tariffs on Canadian goods from 25% to 35%
Donald Trump signed an executive order on Thursday to increase tariffs on Canadian goods imported to the U.S. from 25% to 35%.
New import tax rates take effect on Friday White House Profile. The tariffs will cover all products not covered by the US-Mexico-Canada Trade Agreement. The goods are transferred to another country to evade new tariffs and a 40% transshipment tax will be imposed.
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A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
