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Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

  • On July 31, 2025, President Trump signed an executive order imposing new reciprocal tariffs ranging from 10% to 41% on goods from 68 countries and the EU, effective August 7.
  • The tariffs result from stalled trade negotiations and aim to pressure countries like Canada, whose tariffs increased to 35% due to retaliation and inadequate action on illicit drug trafficking.
  • Some countries, including Vietnam, Malaysia, Cambodia, Thailand, the Philippines, and Indonesia, received reduced or previously agreed tariff rates, while Myanmar and Laos did not reach deals and face 40% tariffs.
  • The White House stated that the president has decided it is important to adjust the reciprocal tariff levels for some nations, while Commerce Secretary Lutnick highlighted ongoing efforts to complete agreements by Friday.
  • The executive order reflects a continuation of Trump's trade strategy, which includes enforcement challenges, ongoing talks with China, and a pending expiration of a 90-day tariff truce on August 12.
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PortalFruticola.com broke the news in on Thursday, July 31, 2025.
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