Now that Donald Trump’s latest wave of country-specific tariffs has come into effect, dozens of countries face higher taxes on U.S. exports.
“Countdown” tax on sweeping floors Announced by the White House a week ago – Before the August January 1 deadline, one minute to midnight on Thursday, it is here.
Before midnight, Trump claimed on social media that billions of dollars will begin to flow into the United States due to tariffs.
The president wrote in capital letters: “The only thing that can stop America from being great is a radical left who wants to see our country fail.” U.S. Court of Appeals case This is to consider whether he exceeds his authority over “reciprocal” tariffs.
The 41% price range is varied in war-saturated Syria 10% in the UK and will be used on the usual tariffs applicable to imported products in the US.
This means that despite the 10% “reciprocity” level in Brazil, its total ratio is 50% Imposed an additional 40% tax From Wednesday, former president of the country, Jair Bolsonaro, has sued.
The EU is its only trading partner for baseline interest rates – Set to 15% after the frame transaction – Previous tariffs will be included. For example, this means that the import tariff is usually 15% at 14.9% instead of 29.9% cheese.
Since its announcement late Thursday last Thursday, governments around the world have been working to reach a deal to avoid border taxes that fears that will stop investors and lead to job losses.
Swiss President Karin Keller-Sutter held a two-day meeting with senior Trump administration officials in Washington on Tuesday in an attempt to reverse the 39% tax Blinding the government When it unveiled.
Swiss government will hold “extraordinary meeting” on Thursday after Washington officials return
Meanwhile, India’s 25% tariff rate could rise to 50% after Trump signed an executive order on Wednesday Impose additional levy Revenge for the country’s purchase of oil from Russia. Delhi has a 21-day response. Trump threatens to use the same strategy for other countries that supply Russia.
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Trump reveals first Country-specific interest rates on April 2the date he called “Liberation Day,” claimed that the rest of the world had plundered the United States for decades.
He confirmed the new fees last Friday after a 90-day pause a week later and a four-week truce announced on July 7.
Some trading partners have gained a reduction through negotiation or agreement, including the United Kingdom, Thailand, Cambodia, Vietnam, Indonesia, the Philippines, Japan, South Korea, Pakistan and the European Union.
Other countries are negotiating the tariffs they announced last week. The total ratio in Canada is 35% Last Friday waswhile Mexico avoids a 25% increase on the same date after obtaining a 90-day extension. China faces 30% interest rate Negotiations continue Higher interest rates are ahead of a separate deadline on August 12.
On Wednesday, Trump also warned that the United States will impose The tariff on semiconductor chips is about 100% Imports from countries that the United States does not produce or plan to do so.
With Reuters
Health & Wellness Contributor
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.
