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Trump Imposes New Tariffs on Dozens of Countries

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Photo: Trump Imposes New Tariffs on Dozens of Countries. Source: wh-gov
Photo: Trump Imposes New Tariffs on Dozens of Countries. Source: wh-gov

US President Donald Trump has signed a package of executive orders imposing tariffs ranging from 10% to 41% on imports from 69 countries and territories, including the European Union.

The Gaze writes about it, referring to Trump's executive order on the White House website and the Financial Times.

According to the order, the new import duties will take effect in seven days, with the exception of Canada, where the restrictions will take effect immediately.

The executive document states that the purpose of the tariffs is to reduce the trade deficit, which the White House has called ‘an unusual and extraordinary threat to the national security and economy of the United States.’

The highest tariffs were imposed on Syria (41%), Laos and Burma (40% each). The lowest – 10% – were imposed on the United Kingdom and, separately, its Falkland Islands.

Trump imposed a 20% tariff on Taiwan, the world's most important exporter of semiconductors. 

Some US partners, including the United Kingdom, the EU and Japan, managed to conclude agreements in time – although critics in these countries question the results of the agreements reached. 

The new tariffs hit Canada particularly hard. Despite Prime Minister Mark Carney's latest attempts to reach an agreement with Trump, no deal was reached. US Trade Minister Howard Lutnick said on Fox News that Carney ‘ignored political realities,’ in particular by announcing the recognition of the Palestinian state in the midst of negotiations, which angered Trump.

A separate presidential decree on Canada provides for the introduction of a 35% tariff starting on Friday, 1 August. For other countries, the tariffs will take effect in a week to give customs authorities time to implement them.

At the same time, goods that meet the conditions of the North American Trade Agreement (USMCA) — that is, those produced entirely from North American raw materials or using deep processing of imported resources — remain exempt from increased tariffs.

Taiwanese President Lai Ching-te called the 20% tariff imposed by the US on imports from his country ‘temporary’ and expressed hope that it could be reduced as a result of further negotiations.

As The Gaze reported earlier, US President Donald Trump announced the introduction of 25 per cent tariffs on imports from India from 1 August. The American leader mentioned that India is one of the largest buyers of Russian energy resources and also purchases large quantities of weapons from Russia, ‘at a time when everyone wants Russia to stop killing in Ukraine.’

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