President Donald Trump signed an executive order modifying tariff rates initially announced on April 2, 2025, setting new duties on goods imported from over 67 countries, effective August 7, 2025. The order establishes a baseline 10% tariff on countries with which the U.S. has a trade surplus, while higher rates apply to 92 countries listed in an annex. Syria faces the highest tariff at 41%, followed by Myanmar and Laos at 40%, and Iraq at 35%. Brazil’s tariff is set at 10% but includes an additional 40% on some goods due to its prosecution of former President Jair Bolsonaro. The European Union, Japan, and South Korea secured a 15% rate, while the Philippines, Vietnam, and Indonesia face 19-20% duties. Taiwan anticipates a provisional 20% rate, with potential for reduction through ongoing negotiations. The administration aims to address trade imbalances and enhance national security, with further agreements expected before the implementation date. This follows a trade deal with Vietnam announced four weeks prior, though some countries were unaware of additional provisions. A senior official described the move as a historic reordering of global trade, replacing the World Trade Organization’s uniform tariff system.
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