Among Them Israel and Arab Countries.. Trump Signs Executive Order to Impose New Tariffs

SadaNews Economy - The White House announced that US President Donald Trump signed an executive order last night imposing tariffs ranging from 10% to 41% on a number of countries.

The White House stated that President Donald Trump signed an executive order increasing tariffs on Canadian goods from 25% to 35%, with the new tariffs scheduled to take effect starting August 1.

It explained that tariffs on Israel, Turkey, Venezuela, and Cameroon will be 15%, while it will be 30% on South Africa, 39% on Switzerland, 19% on Pakistan, and 20% on Bangladesh.

A schedule published by the White House included a list of tariffs, revealing that Iraq, Libya, Tunisia, and Jordan will receive reductions ranging from 1% to 5%, while the rate for Syria remains at 41% and Algeria at 30%.

The new tariff rate for Iraq is 35%, down from 39%, for Libya it is 30% after being 31%, for Tunisia it is 25% down from 28%, and for Jordan it is 15% down from the previous rate of 20%.

Below are the new adjusted tariff rates announced by Trump with the deadline set for August 1 for negotiating trade agreements.

Imports from some countries, such as Brazil, are subject to additional tariffs that will be added to the countervailing duties listed below.

Afghanistan 15% Algeria 30% Angola 15% Bangladesh 20% Bolivia 15% Bosnia and Herzegovina 30% Botswana 15% Brazil 10% Brunei 25% Cambodia 19% Cameroon 15% Chad 15% Costa Rica 15% Ivory Coast 15% Democratic Republic of Congo 15% Ecuador 15% European Union 15% Equatorial Guinea 15% Falkland Islands 10% Fiji 15% Ghana 15% Guyana 15% Iceland 15% India 25% 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 and Tobago 15% Tunisia 25% Turkey 15% Uganda 15% United Kingdom 10% Vanuatu 15% Venezuela 15% Vietnam 20% Zambia 15% Zimbabwe 15%.

The White House confirmed earlier that Trump will proceed with implementing his decision this time and will not grant any new extension, as he did on two previous occasions since he launched his "reciprocal tariffs" on April 2 on dozens of trade partners.

Trump wrote on his platform "Truth Social" on Wednesday: "The deadline on August 1 is August 1, firm and will not be extended. A great day for America!!!".

Later, the president took a series of rapid trade actions, including issuing executive orders to impose a 50% tariff on Brazil, implementing new tariffs on semi-finished copper products, and ending the customs exemption granted to low-value parcels coming from abroad.