WASHINGTON — U.S. President Donald Trump has signed an executive order imposing reciprocal tariffs on over 70 countries, with the new duties set to take effect on August 7. The tariffs, which range from 10% to 41%, are part of the administration’s effort to address what it calls long-standing trade imbalances.
Under the new measures, imports from India will face a 25% tariff. The move comes amid ongoing trade negotiations and President Trump’s criticism of India’s trade practices and its continued close ties with Russia.
The White House stated that the tariffs are designed to shrink the country’s trade deficits with its partners. The administration also announced that the tariff on Canada will be increased from 25% to 35%, citing what it described as Canada’s “failure to act on the illicit drug crisis” and its “retaliation against the United States.”
While some countries, like Brazil, have been subjected to additional tariffs on top of the reciprocal tariffs, others, like the European Union, have a more nuanced arrangement. For the EU, goods with a U.S. duty rate above 15% are exempt, while goods with a rate below 15% will have their tariffs adjusted to reach a total of 15%.
The new tariff rates are as follows:
- 41% Tariff: Syria
- 40% Tariff: Laos, Myanmar (Burma)
- 39% Tariff: Switzerland
- 35% Tariff: Canada, Iraq, Serbia
- 30% Tariff: Algeria, Bosnia and Herzegovina, Libya, South Africa
- 25% Tariff: India, Brunei, Kazakhstan, Moldova, Tunisia
- 20% Tariff: Bangladesh, Sri Lanka, Taiwan, Vietnam
- 19% Tariff: Pakistan, Malaysia, Indonesia, Cambodia, Philippines, Thailand
- 18% Tariff: Nicaragua
- 15% Tariff: Israel, Japan, Turkey, Nigeria, Ghana, and many others
- 10% Tariff: Brazil, United Kingdom, Falkland Islands
For countries not on this list, a baseline tariff of 10% will be applied to their imports.
