US EditionTrump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports
- On July 31, 2025, President Trump signed an executive order imposing new reciprocal tariffs ranging from 10% to 41% on goods from 68 countries and the EU, effective August 7.
- The tariffs result from stalled trade negotiations and aim to pressure countries like Canada, whose tariffs increased to 35% due to retaliation and inadequate action on illicit drug trafficking.
- Some countries, including Vietnam, Malaysia, Cambodia, Thailand, the Philippines, and Indonesia, received reduced or previously agreed tariff rates, while Myanmar and Laos did not reach deals and face 40% tariffs.
- The White House stated that the president has decided it is important to adjust the reciprocal tariff levels for some nations, while Commerce Secretary Lutnick highlighted ongoing efforts to complete agreements by Friday.
- The executive order reflects a continuation of Trump's trade strategy, which includes enforcement challenges, ongoing talks with China, and a pending expiration of a 90-day tariff truce on August 12.
356 Articles
356 Articles
Trump's tariffs are a global political wake-up call. In the Mersosur countries, the EU could now find the largest trading partner in its history.
Many countries in various parts of the world face the prospect of new tariffs on their exports to the United States as of August 7, a possible blow to the global economy, because they have not yet reached a trade agreement with President Donald Trump’s government. The president had threatened to impose tariffs on August 1, but postponed the deadline a week, just a few hours before they came into force. Some of the largest trading partners in the…
(Washington = Yonhap News) Correspondent Park Seong-min = U.S. Trade Representative (USTR) Jamison Greer said on the 1st (local time) that additional trade agreements will be reached with trading partners...
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