President Donald Trump’s imposed higher tariffs ranging from 10% to 41% on a number of economies. Rates were set at 25% for India’s exports to the US, 20% for Taiwan’s, 30% for South Africa’s and as high as 41% for Syria’s. The tariff rate for Pakistan stands at 19%, while Israel, Iceland, Fiji, Ghana, Guyana and Ecuador will all be charged at 15%. The impoverished African nation of Lesotho, which had initially faced a 50% tariff, will now be hit with a 15% levy. US President Trump has signed an order for new tariffs to come into effect on August 7. Trump also raised duties on Canada from 25% to 35%, with those levies coming into effect on Friday.
#Asia #Tariffs #TradeWar
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News post in August 1, 2025, 9:00 am.
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