Trump’s latest global tariff blitz hits Brazil, Switzerland and Canada the most
US president signs executive order for duties on 69 trading partners, with most effective August 7
01:15
Canada, Brazil hardest hit as Trump unleashes new global tariff blitz
US President Donald Trump imposed steep tariffs on exports from dozens of trading partners ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy.
Trump set rates including a 35 per cent duty on many goods from Canada, 50 per cent for Brazil, 25 per cent for India, 20 per cent for Taiwan and 39 per cent for Switzerland, according to a presidential executive order.
The order listed higher import duty rates of 10 per cent to 41 per cent starting in seven days for 69 trading partners as the 12.01am EDT deadline approached.
Some of them had reached tariff-reducing deals while others had no opportunity to negotiate. Trump included an exception for some goods shipped within the coming week.
Goods from all other countries not listed would face a 10 per cent US import tax. Trump had previously said that rate might be higher. The administration also teased that more trade deals were in the pipeline as it seeks to close trade deficits and boost domestic factories.