U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%.
Trump, in a phone interview with NBC News following the order, said that he would be open to more compelling offers, but it was “too late” for other nations to avoid tariffs set to kick in next week.
“It doesn’t mean that somebody doesn’t come along in four weeks and say we can make some kind of a deal,” he said.
The latest tariff rates will start from Aug. 7, a White House official told CNBC-TV18 in an emailed statement.
“This should not be read as an extension, but to give [the U.S.] Customs and Border Protection ample time to implement these [tariffs],” the official added.
Trump said Wednesday in a post on Truth Social that the Aug. 1 deadline for tariffs to restart will remain.
“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” he wrote on Truth Social.
Among countries facing the steepest “reciprocal” tariffs, Syria has the highest rate at 41%. Exports from Laos and Myanmar to the U.S. will be subject to a 40% duty. Switzerland and South Africa will be hit with tariffs of 39% and 30%, respectively. ... For some Asian nations that have not confirmed a trade pact with the U.S., the latest executive order offered some relief with lower duties. The new tariff rates on imports from Thailand will be lowered to 19% from 36%, and those from Malaysia will be reduced to 19% from the 24% rate set earlier.
Shipments from Taiwan will face a 20% tariff, lower than the 32% rate set earlier.
All goods that are considered to have been transshipped to avoid applicable duties will also be subject to an additional 40% tariff, according to the White House.
New Tariff Rates
Countries and Territories
Tariff Rates
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%
Côte d`Ivoire
15%
Democratic Republic of the Congo
15%
Ecuador
15%
Equatorial Guinea
15%
European Union: Goods with Column 1 Duty Rate[1] > 15%
0%
European Union: Goods with Column 1 Duty Rate < 15%
