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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398 Articles
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Here's what countries will pay under Trump’s latest tariff plan
President Donald Trump unveiled new tariff rates for dozens of countries after a flurry of negotiations ahead of the self-imposed Aug. 1 deadline.The administration set rates for dozens of countries starting Aug. 7th, ranging from 10% to 41%. President Trump indicated he was open to conversations still, but did not guarantee new deals while leaving the White House Friday afternoon.For many of the nation's top trading partners, preliminary steps …
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