Trump Signs New Tariff Orders

U.S. President Donald Trump has signed orders imposing import tariffs ranging from 10% to 41% on 69 countries, territories, and the European Union. These tariffs will take effect in seven days, with Canada being an exception, as they will be applied immediately. For Canada, Trump has raised tariffs from 25% to 35%. However, these tariffs do not apply to goods covered under the USMCA trade agreement between the U.S., Mexico, and Canada.

The highest tariff of 41% has been imposed on Syria, followed by Laos and Myanmar at 40%. The lowest tariff of 10% is set for the United Kingdom and its Falkland Islands. The list published by the White House states that Brazil faces a 10% tariff, despite Trump having signed an order the previous day imposing a 50% tariff on imports from that country.