Trump Signs Order Imposing New Tariffs on Over 60 Countries

The U.S. President has signed an executive ⁢order reinstating tariffs ranging ​from 10 to 41 percent on multiple countries.

According to the English section⁣ of webangah News Agency, citing Mehr​ News Agency and Al Jazeera, U.S. President Donald Trump ⁤announced the reimplementation of tariffs​ on more than 60‌ countries and regions, with rates varying between 10 and 41 percent.

In a separate order, Trump raised tariffs on certain imported⁢ goods from Canada from 25 to 35 percent. The White House accused⁢ Ottawa of failing to cooperate in curbing the flood of fentanyl and other drug trafficking.

Washington released a statement titled “Revising Reciprocal Tariff ‌Rates,” listing approximately 69 trade partners whose ‌tariff rates have been adjusted.

Exports from some major U.S. trade partners, such⁣ as Australia and the United Kingdom, now face a base tariff rate of 10⁤ percent.

The executive order specifies that these tariffs will come into effect starting August 7. countries facing⁣ the‍ highest tariff rates include Iraq ⁤(35%), Serbia (35%), Switzerland (39%), Laos (40%), Myanmar (40%), and Syria (41%).

In addition to those on the White⁤ House list,⁣ the Falkland Islands and Taiwan will be subject to tariffs of 10 percent and 20 percent respectively.

The White House stated that goods imported from countries⁣ not listed will be subject to a standard customs tax ⁢rate of ⁢10 percent.

News Sources: © webangah news Agency

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