Close Menu
All Hail Trump
  • Home
  • Donald Trump
  • Hub
  • Latest News
  • Life
  • More Today
  • Policies
  • Today’s latest
    • Top Stories & Analysis
  • Politics

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Trump Moves Two Nuclear Submarines in Response to Russia Official’s Latest Remarks

August 3, 2025

Senate confirms former Fox News host Pirro as top federal prosecutor for the nation’s capital

August 3, 2025

Tariff Rebate Checks: Family of Four Could Get $2,400 From Trump Admin

August 3, 2025
Facebook X (Twitter) Instagram
All Hail TrumpAll Hail Trump
  • Home
  • Donald Trump
  • Hub
  • Latest News
  • Life
  • More Today
  • Policies
  • Today’s latest
    • Top Stories & Analysis
  • Politics
All Hail Trump
Home»Today's latest»White House Reveals New Tariff Plan: What We Know
Today's latest

White House Reveals New Tariff Plan: What We Know

Robert JonesBy Robert JonesAugust 1, 2025No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


President Donald Trump signed an executive order on Thursday imposing tariffs from 10 percent to 41 percent on U.S. imports from dozens of countries and foreign economies.

The tariffs, which will take effect in seven days, include 25 percent on Indian goods entering the U.S., 20 percent on Taiwan’s goods and 30 percent for South Africa’s.

Two of Asia’s poorest countries, Myanmar and Laos, face 40 percent tariffs on their exports to the U.S., while Syria faces the highest rate of 41 percent.

Canada faces tariffs of 35 percent on its exports to the U.S.

In his order, Trump said that some trading partners had agreed or on the verge of agreeing to trade deals “to permanently remedy the trade barriers … and to align with the United States on economic and national security matters.”

“Other trading partners, despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters,” he said.

“There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters,” Trump said in the order.

Tump sings order on new tariffs
A broadcast screen of the Bombay Stock Exchange (BSE) in Mumbai on July 31 shows India’s exports with Russia while depicting news of U.S. President Donald Trump unveiling sweeping new trade tariffs.
A broadcast screen of the Bombay Stock Exchange (BSE) in Mumbai on July 31 shows India’s exports with Russia while depicting news of U.S. President Donald Trump unveiling sweeping new trade tariffs.
Indranil Mukherjee/Getty Images

Trump set the August 1 deadline after his previous “Liberation Day” tariffs announced in April triggered global market panic fueled by fears of recession. He then imposed a 90-day period for negotiation and further extended the timeline while sending letters that listed rates to world leaders.

That prompted a blizzard of negotiations by numerous countries hoping to reach an agreement before the deadline.

Shortly before the Friday deadline, Trump said he would enter a 90-day negotiating period with Mexico, one of America’s largest trading partners, with the current 25 percent tariff rates staying in place, down from the 30 percent he had threatened earlier.

Higher Tariffs on Canada

For Canada, the tariffs on its U.S.-bound products not covered by the U.S.-Mexico-Canada trade agreement will rise to 35 percent from 25 percent, the White House said, as the Trump administration blamed the higher tariffs on the smuggling of fentanyl over the northern border.

“Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the President’s actions to address this unusual and extraordinary threat to the United States,” the White House said in a statement.

Canada rebukes this, saying only tiny amounts of the drug are smuggled into the United States over their common border.

Trump has earlier said that Canada’s support for a Palestinian state would make any trade deal between Washington and Ottawa “very hard.” Canadian Prime Minister Mark Carney announced that Canada was planning to recognize a Palestinian state at the United Nations in September.

Trump said that Carney had called before the announcement of 35 percent tariffs on many of his nation’s goods, but that “we haven’t spoken to Canada today.”

Deals Done

Among the countries to strike last-minute deals was South Korea, which will face a 15 percent tariff on its exports to the United States.

Trump announced a framework deal with Japan on July 22, including a 15 percent tariff on Japanese goods, down from a threatened rate of 25 percent. The president also said Japan would invest $550 billion into the U.S. and “open” its economy to American autos and rice.

The U.S. and EU announced a deal on July 27 that includes a 15 percent tariff on 70 percent of EU goods entering the U.S., down from a threatened 30 percent.

Trade officials from the U.S. and China, Asia’s largest economy and the world’s second-largest, met for two days in Stockholm this week after which China’s top trade official said the two sides had agreed to work on extending an August 12 deadline.

Trump’s tariffs on Chinese goods previously totaled 145 percent and China’s counter-tariffs on U.S. products reached 125 percent, raising the prospect of a damaging trade war. But on May 12, the sides agreed to a 90-day truce to roll back those levies to 30 percent and 10 percent, respectively.

Under a deal announced on May 8, the U.K. will face a 10 percent baseline tariff on its goods while Trump agreed to cut tariffs on British autos, steel and aluminum, among other pledges. The U.K. promised to reduce levies on U.S. products like olive oil, wine and sports equipment.

A deal with the Philippines announced on July 22 includes a 19 percent tariff. Under a July 15 agreement with Indonesia, its goods will face a 19 percent tariff. Vietnamese goods will face a 20 percent U.S. tariff under a deal announced on July 2. U.S. goods will enter Vietnam duty free.

Reporting by the Associated Press contributed to this article.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Robert Jones

Related Posts

Trump Moves Two Nuclear Submarines in Response to Russia Official’s Latest Remarks

August 3, 2025

Tariff Rebate Checks: Family of Four Could Get $2,400 From Trump Admin

August 3, 2025

Donald Trump Fires Biden Appointee Behind Jobs Numbers After They’re Revised Down

August 3, 2025
Leave A Reply Cancel Reply

Our Picks

Trump Moves Two Nuclear Submarines in Response to Russia Official’s Latest Remarks

August 3, 2025

Senate confirms former Fox News host Pirro as top federal prosecutor for the nation’s capital

August 3, 2025

Tariff Rebate Checks: Family of Four Could Get $2,400 From Trump Admin

August 3, 2025

Senate heads home with no deal to speed confirmations as irate Trump tells Schumer to ‘go to hell’

August 3, 2025
Don't Miss

Trump Jack Smith Special Counsel investigation

Donald Trump August 2, 2025

(COMBO) This combination of pictures created on November 14, 2024 shows US President-elect Donald Trump…

Trump weak for firing BLS chief McEntarfer over jobs report: Wyden

August 1, 2025

Trump moved nuclear submarines after Russia’s Medvedev warns U.S.

August 1, 2025

Epstein accomplice Ghislaine Maxwell moved to Texas prison

August 1, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 allhailtrump. Designed by allhailtrump.

Type above and press Enter to search. Press Esc to cancel.