by Misty Severi
President Donald Trump on Thursday signed an executive order that solidifies the new reciprocal tariff rates for over 70 U.S. trading partners, which were largely expected to go into effect on Friday.
The new tariff rates include the lowered numbers that the United States agreed to in recent trade deals, including the 15% tariffs on imported goods from South Korea and the European Union and the 10% tariffs on the United Kingdom.
Trump also raised tariffs on Canada from 25% in April to 35% in the new order. Canada has maintained that trade negotiations with the U.S. are still ongoing, but the White House said the country has “failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States.”
Other notable tariff rates include: 10% for Brazil, 15% for Afghanistan, Iceland and Israel, 30% for South Africa, 39% for Switzerland and 20% for Taiwan and Vietnam.
The new executive order also pushes the date for the new tariffs to Aug. 7.
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Misty Severi is a reporter for Just the News.
The post President Trump Releases Updated Tariff Rates on over 70 Countries, Delays Deadline by One Week first appeared on The Arizona Sun Times.
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Author: Just the News
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