Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Trade war: Donald Trump signs executive order imposing tariffs up to 41% – what to know – Times of India – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > World News > Trade war: Donald Trump signs executive order imposing tariffs up to 41% – what to know – Times of India – Delhi News Daily
World News

Trade war: Donald Trump signs executive order imposing tariffs up to 41% – what to know – Times of India – Delhi News Daily

delhinewsdaily
Last updated: August 1, 2025 12:47 am
delhinewsdaily
Share
SHARE


Trade war: Donald Trump signs executive order imposing tariffs up to 41% - what to know

Just before the August 1 deadline, the White House announced that US President Donald Trump had signed a broad revision of trade tariffs late Thursday night (local time), a key feature of his “America First” economic policy.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims have undermined the US economy and national security.It set tariff rates for 68 individual nations and the 27-member European Union. Countries will face a default 10% baseline tariff. As per a senior official, these rates are based on each country’s trade gap with the US and its regional economic standing.Nations having a trade deficit with the US will now face a minimum 15% tariff, impacting around 40 nations globally.While the 15% tariff serves as the new baseline for trade-deficit countries, more than a dozen nations will face significantly higher rates, either for failing to negotiate new terms with the US or because they are among those with the largest deficits.Among the steepest hikes:

  • Syria will be hit with a 41% tariff.
  • Laos and Myanmar each face a 40% rate.
  • Switzerland sees tariffs rise to 39%.
  • Iraq and Serbia will pay 35%.
  • Algeria, Bosnia and Herzegovina, Libya, and South Africa all face a 30% tariff.

Canada, which was previously subject to a 25% tariff, will now face a 35% rate. The move highlights Washington’s push for broader trade realignments.As for Mexico,the US President said that goods entering the US would still face a 25% tariff, a rate he has loosely tied to fentanyl trafficking. He added that cars would continue to be taxed at 25%, while copper, aluminum, and steel imports would face a 50% tariff during the ongoing talksTrump further said Mexico would remove its “non-tariff trade barriers,” though he offered no details. Some products remain protected under the 2020 US-Mexico-Canada Agreement (USMCA), a deal Trump secured during his first term. However, he now seems less supportive of the pact, which is due for renegotiation next year. Earlier this year, he imposed fresh tariffs on both Mexico and Canada, one of his first major steps after returning to office.

Delayed implementation

Although initially expected to take effect immediately, the White House delayed enforcement of the new tariffs to August 7, giving US Customs and Border Protection time to update its systems for the new duties.Here is a list of countries that would be impacted under the order, along with their adjusted reciprocal tariffs:

Country/territoryAdjusted reciprocal tariff
Afghanistan15%
Algeria30%
Angola15%
Bangladesh20%
Bolivia15%
Bosnia and Herzegovina30%
Botswana15%
Brazil10%
Brunei25%
Cambodia19%
Cameroon15%
Chad15%
Costa Rica15%
Côte d’Ivoire15%
Democratic Republic of the Congo15%
Ecuador15%
Equatorial Guinea15%
European Union0%–15%
Falkland Islands10%
Fiji15%
Ghana15%
Guyana15%
Iceland15%
India25%
Indonesia19%
Iraq35%
Israel15%
Japan15%
Jordan15%
Kazakhstan25%
Laos40%
Lesotho15%
Libya30%
Liechtenstein15%
Madagascar15%
Malawi15%
Malaysia19%
Mauritius15%
Moldova25%
Mozambique15%
Myanmar (Burma)40%
Namibia15%
Nauru15%
New Zealand15%
Nicaragua18%
Nigeria15%
North Macedonia15%
Norway15%
Pakistan19%
Papua New Guinea15%
Philippines19%
Serbia35%
South Africa30%
South Korea15%
Sri Lanka20%
Switzerland39%
Syria41%
Taiwan20%
Thailand19%
Trinidad and Tobago15%
Tunisia25%
Turkey15%
Uganda15%
United Kingdom10%
Vanuatu15%
Venezuela15%
Vietnam20%
Zambia15%
Zimbabwe15%





Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Vedanta Q1 Results: Cons PAT slides 12% YoY to Rs 3,185 crore, revenue rises 6% – Delhi News Daily
Next Article ‘Was fighting lunatics like you’: Donald Trump fires back at reporter over tariff question – watch video – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Threat in Pakistan? US asks officials to limit visits to high-end hotels in Karachi – Times of India – Delhi News Daily
  • Anaconda shooting: 4 reportedly killed after shooter opens fire at Owl Bar in Montana, town on lockdown – Times of India – Delhi News Daily
  • Killing a Mockingbird? What is Operation Mockingbird and how it was used to manipulate the press and spread propaganda | World News – Times of India – Delhi News Daily
  • Tennessee murders: Four family members killed, baby abandoned; manhunt launched for armed suspect – Times of India – Delhi News Daily
  • Amazon share price tumbles 7% after cloud computing growth disappoints investors – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

World News

‘Won’t back down’: Putin tells Trump Russia will pursue Ukraine goals, in 6th call since January – Times of India – Delhi News Daily

Donald Trump (left), Vladimir Putin (AP) Russian President Vladimir Putin during a phone call with US President Donald Trump said…

6 Min Read
World News

‘Horrible and inhumane’: Alabama man accused of cooking pet Chihuahua to death over barking – Times of India – Delhi News Daily

An Alabama man was charged with aggravated animal cruelty after allegedly killing his pet Chihuahua by cooking it in an…

4 Min Read
World News

‘Working to intercept threat’: Yemen launches barrage of missiles at Israel; sirens blare – Times of India – Delhi News Daily

The Israeli army announced on Saturday that it had detected a missile launch from Yemen targeting Israeli territory.IDF made a…

3 Min Read
World News

China fears US will turn focus on it if Russia defeated in Ukraine war: Report – Times of India – Delhi News Daily

BEIJING: Chinese foreign minister Wang Yi has told EU leaders that Beijing does not want to see Russia losing its…

4 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?