Donald Trump imposes new tariffs on 68 nations, including India; rates up to 41%, effective from August 7 under ‘reciprocal’ policy. Photo/X.
US President Donald Trump, continuing his aggressive posture on trade with several trade partners, Thursday signed an executive order that declares new tariffs on imports from countries worldwide including India. The newly announced tariffs will come into effect on August 7 and vary from 10% to 41%.
These tariffs are part of Trump’s “reciprocal” trade strategy that have consequencies on markets worldwide and can irk Americas age old allies and trade partners like India.
A senior White House official stated that the August 7 start date was chosen to allow customs and border agencies enough time to implement the new system.
“These changes require time to implement effectively,” the official said, adding that the delay was procedural.The executive order covers 68 countries and the 27-member European Union. Countries not specifically listed in the order will face a default tariff of 10%.
Also Read: Dozens of Nations Face Up to 50% US Tariffs Without Trade Deals
Afghanistan, 15%
Algeria, 30%
Angola, 15%
Bangladesh, 20%
Bolivia,15%
Bosnia and Herzegovina, 30%
Botswana, 15%
Brazil, 10%
Brunei, 25%
Cambodia, 19%
Cameroon ,15%
Chad ,15%
Costa Rica, 15%
Côte d’Ivoire ,15%
Democratic Republic of the Congo, 15%
Ecuador, 15%
Equatorial Guinea,15%
European Union: Goods with Column 1 Duty Rate > 15%, 0%
European Union: Goods with Column 1 Duty Rate < 15% , 15% minus Column 1 Duty Rate
Falkland Islands, 10%
Fiji, 15%
Ghana, 15%
Guyana, 15%
Iceland, 15%
Indonesia,19%
India, 25%
Iraq, 35%
Israel, 15%
Japan, 15%
Jordan, 15%
Kazakhstan, 25%
Laos, 40%
Lesotho, 15%
Libya, 30%
Liechtenstein, 15%
Madagascar, 15%
Malawi, 15%
Malaysia, 19%
Mauritius, 15%
Moldova, 25%
Mozambique, 15%
Myanmar (Burma), 40%
Namibia, 15%
Nauru, 15%
New Zealand, 15%
Nicaragua, 18%
Nigeria, 15%
North Macedonia, 15%
Norway, 15%
Pakistan, 19%
Papua New Guinea, 15%
Philippines, 19%
Serbia, 35%
South Africa, 30%
South Korea, 15%
Sri Lanka, 20%
Switzerland, 39%
Syria, 41%
Taiwan, 20%
Thailand, 19%
Trinidad and Tobago, 15%
Tunisia, 25%
Turkey, 15%
Uganda, 15%
United Kingdom, 10%
Vanuatu, 15%
Venezuela, 15%
Vietnam, 20%
Zambia, 15%
Zimbabwe, 15%
In a separate announcement, Trump said that trade negotiations with Mexico would be extended by another 90 days. While some agreements have reportedly been reached, the details remain unclear, leaving many countries and industries uncertain about their future trade terms with the U.S.
As the deadline approaches, manufacturers and businesses worldwide are preparing for higher operating costs and potential price increases.Trump’s far-reaching shift in US trade policy has also encountered legal challenges. A panel of appeals court judges has expressed serious concerns about the legal basis of the new tariffs, raising doubts about the administration’s justification for what is considered the most extensive tariff package of Trump’s presidency.
Also Read: Donald Trump Signs Executive Order to Impose New Tariffs on Several US Trading Partners
Zubair Amin is a Senior Journalist at NewsX with over seven years of experience in reporting and editorial work. He has written for leading national and international publications, including Foreign Policy Magazine, Al Jazeera, The Economic Times, The Indian Express, The Wire, Article 14, Mongabay, News9, among others. His primary focus is on international affairs, with a strong interest in US politics and policy. He also writes on West Asia, Indian polity, and constitutional issues. Zubair tweets at zubaiyr.amin
Vladimir Putin during his visit to India, announced that the capacity of the Kudankulam Nuclear…
The Congress alleged that Mallikarjun Kharge and Rahul Gandhi were not invited to the Presidential…
Redmi is expected to launch its Note 15 5G series which will have three amazing…
