US President Donald Trump has once again unleashed tariffs. He has increased tariffs on nearly 70 countries. He has signed executive orders imposing reciprocal tariffs ranging from 10 percent to 41 percent. The highest tariff of 41 percent has been imposed on Syria. The tariff on imports from Canada has been increased from 25 percent to 35 percent. An additional 40 percent has been added to the existing 10 percent tariff on Brazil. Now, a 25 percent tariff has been imposed on India. However, it is noteworthy that the tariffs on Pakistani imports, which were 29 percent, have been reduced to 19 percent. Trump’s order clarified that there will be a 10 percent tariff on goods imported from countries not on the list. It is known that Trump announced a deadline of August 1 to reach a trade deal in the wake of mutual tariffs. It is in this context that he revised the tariffs. These revised tariffs will come into effect in seven days. However, the president has already made it clear that the tariffs imposed on imports from India and Canada will come into effect from August 1.
Trump’s Tariff Tsunami Jolts 70 Countries
