President Donald Trump on Thursday evening signed an order outlining tariff levels against a host of countries, which will take effect in seven days.
Trump released an updated list of his proposed "reciprocal" tariffs against U.S. trading partners, with the list coming just hours before an August 1 deadline set by the president.
The list included the tariff rates set under recent trade deals between Washington and the targeted countries, such as a 10% tariff on the UK, and a 15% tariff on Japan, South Korea, and some goods from the European Union.
India will face a 25% levy, as outlined by Trump earlier, while Syria was slapped with the highest level of reciprocal tariffs, at 41%.
Laos and Myanmar will face 40% tariffs each, while Switzerland was slapped with a 39% tariff.
South Africa will face a 30% tariff, while Taiwan, Bangladesh, Vietnam, and Sri Lanka will face 20% tariffs.
The tariff levels outlined under Thursday's list are mostly lower than the tariffs initially proposed by Trump in early-April, and are aimed chiefly at countries holding large trade surpluses with the United States.
Countries not mentioned in Thursday's list, or those with a trade deficit or a minimal trade surplus will be subject to a 10% baseline levy, the White House said earlier on Thursday.
Trump also warned that any goods considered to be transshipped to avoid U.S. tariffs will be subject to an additional 40% levy.
Some countries will also be subjected to additional duties.
Earlier on Thursday, Trump signed an order raising his tariffs on Canada to 35% from 25%, chiding Ottawa's lack of response in stemming the flow of illegal substances into the United States. Trump had also criticized Canada's backing of Palestinian statehood.
Thursday's list outlined a 10% reciprocal tariff on Brazil, with Trump having earlier this week signed an order to impose a total of 50% tariffs on Brazilian goods. The U.S. president had criticized Brazil's prosecution of former President Jair Bolsonaro, drawing a sharp rebuke from President Luiz Inacio Lula da Silva.
Trump on Thursday granted Mexico a 90 day reprieve from his tariffs, as the country continued to negotiate with the United States.
Source: Investing.com
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his ...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in the Kremlin, failed to produce a peace agreement to e...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the position, is a likely choice from the shortlist of ca...
Vladimir Putin warned that Russia might consider attacking ships of countries supporting Ukraine if the surge in attacks on Moscow's tanker fleet continues, according to local media reports. There ha...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to ...
US stocks closed higher on Friday (December 5), with the S&P 500 up 0.2%, the Nasdaq up 0.4%, and the Dow Jones Industrial Average up 0.2% as weak PCE data and positive sentiment in Michigan strengthened the likelihood of a 25bps Fed rate cut...
Oil prices edged up nearly 1% to a two-week high on Friday (December 5th) amid growing expectations that the US Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, as well as geopolitical...
Gold closed around $4,210 an ounce on Friday, near its highest level since late October, paring an earlier rally as a series of US data strengthened the case for an imminent Fed rate cut. Delayed September PCE rose 0.3% month-on-month and 2.8%...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
Asia-Pacific stock markets opened lower on Friday, following the sluggish sentiment on Wall Street. In Australia, the ASX/S&P 200 fell 0.17%. In...
European stocks closed higher on Thursday (December 2nd), supported by a rebound in shares of major banks and automakers. The Eurozone STOXX 50 and...
Ekonom terkenal Scott Bessent memprediksi bahwa Amerika Serikat kemungkinan akan mengalami pertumbuhan ekonomi yang kuat namun inflasi tetap rendah...