Trump Imposes Steep Tariffs on Dozens of Trading Partners

Trump Imposes Steep Tariffs on Dozens of Trading Partners

In a sweeping move ahead of a self-imposed trade deadline, U.S. President Donald Trump announced heavy new import duties on dozens of countries. The White House on Thursday released an executive order imposing tariffs of 10% to 50% on goods from 69 trading partners, effective in one week. Key rates include 35% on many Canadian imports, 50% on Brazilian goods, 25% on Indian shipments, 20% on Taiwanese products and 39% on Swiss exports. All other countries not listed in the order will face a default 10% tariff. Canada: 35% on many goods. Brazil: 50%. India: 25%. Taiwan: 20%. Switzerland: 39%. Mexico: 30% tariff increase delayed (90-day reprieve). Other countries (not listed): 10% default tariff. The order notes that even partners who negotiated with the U.S. had “offered terms that…do not sufficiently address imbalances in our trading relationship”. In other words, Trump says the tariffs are “reciprocal” penalties for long-running trade deficits and security concerns. A separate order spec…