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An executive order, which will impose "reciprocal tariffs" on multiple US trade partners, including India, was signed by President Donald Trump on Thursday. It introduces new tariffs on as many as 68 countries and 27 member nations of the European Union (EU), and will come into effect from August 7. The rate of tariffs ranges from 10% to 41% on imports into the United States.
This recent trade move by Donald Trump will confront the global economy and likely affect the long-term alliances of the US with dozens of countries and foreign territories.
According to a senior White House official, the increased tariffs, which are scheduled to take effect on August 7, were delayed to allow customs and border authorities sufficient time to implement the new changes.
The 10% to 41% range of tariffs is for the 68 countries and 27 member EU countries mentioned in the list. Those not specifically listed will be charged with a default tariff rate of 10%. While the US will extend trade talks with Mexico for an additional 90 days, as said by Trump in a separate announcement. Trade agreements with a few countries have already been met, while some of them still face uncertainty. Some manufacturers and companies across the world are already preparing for a price rise and an increase in operational costs.
| COUNTRIES | RATES |
| India | 25% |
| Afghanistan | 15% |
| Algeria | 30% |
| Angola | 15% |
| Bangladesh | 20% |
| Bolivia | 15% |
| Bosnia & Harzegovina | 30% |
| Botswana | 15% |
| Brazil | 10% |
| Brunei | 25% |
| Cambodia | 19% |
| Cameroon | 15% |
| Chad | 15% |
| Costa Rica | 15% |
| Cote d'Ivore | 15% |
| Democratic Republic of 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% |
| 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 & Tobago | 15% |
| Tunisia | 25% |
| Turkey | 15% |
| Uganda | 15% |
| United Kingdom | 10% |
| Vanuatu | 15% |
| Venezuela | 15% |
| Vietnam | 20% |
| Zambia | 15% |
| Zimbabwe | 15% |
Donald Trump's broad changes introduced in the US Trade policy have been challenged internally. Appeal court judges have raised concerns over the legal justification of the tariffs (the most far-reaching to date).
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