US Prez Trump Announces New US Tariffs - Full List of Affected Nations

US President Donald Trump has introduced new tariffs, reaching up to 41%, on imports from various countries to tackle trade imbalances. These tariffs will take effect before upcoming trade negotiations.

The US has announced a 25 per cent tariff on India as the Donald Trump's released an expansive list of duties that Washington will impose on exports from countries around the world.

Trump is leveraging emergency powers to implement these tariffs, which he believes will help reduce the US trade deficits.

Tariff Rates by Country

The revised tariff rates for US importers are set to take effect before the August 1 deadline for trade agreement negotiations. These tariffs vary by country and are listed alphabetically. Some countries, such as Brazil, face additional tariffs on top of the reciprocal ones.

Countries like Afghanistan and Angola are subject to a 15% tariff. Algeria and Bosnia and Herzegovina face a higher rate of 30%. Bangladesh and Sri Lanka have tariffs set at 20%, while Bolivia and Botswana remain at 15%. Brazil's imports incur a 10% tariff.

Brunei faces a 25% tariff, while Cambodia's rate is set at 19%. Cameroon, Chad, Costa Rica, Côte d'Ivoire, Democratic Republic of the Congo, Ecuador, Equatorial Guinea, Fiji, Ghana, Guyana, Iceland, Israel, Japan, Jordan, Lesotho, Liechtenstein, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Nauru, New Zealand, Nigeria, North Macedonia, Norway, Papua New Guinea, Trinidad and Tobago all have a 15% tariff.

In an Executive Order titled 'Further Modifying The Reciprocal Tariff Rates,' the US announced tariff rates for nearly 70 nations around the world.

Higher Tariffs for Specific Nations

Laos and Myanmar (Burma) face significant tariffs of 40%. Iraq and Serbia have tariffs set at 35%. Libya and South Africa face a 30% rate. Switzerland's imports are taxed at 39%, while Syria faces the highest tariff at 41%.

The European Union has variable tariffs ranging from 0% to 15%. The United Kingdom's goods are subject to a lower rate of 10%. Falkland Islands also face a similar rate of 10%. Taiwan's imports incur a tariff of 20%, matching that of Vietnam.

Impact on Asian Countries

India faces a substantial tariff of 25%, while Indonesia and Malaysia both have rates set at 19%. Pakistan and the Philippines share this same percentage. Thailand also faces a similar tariff rate of 19%.

Nicaragua's imports are subject to an 18% tariff. Imports from Sri Lanka face a slightly higher rate of 20%. Meanwhile, Zimbabwean goods incur a standard rate of 15%, consistent with many other nations.

This move by Trump aims to renegotiate trade terms with these countries by imposing these new tariffs. The goal is to create more balanced trade relationships that benefit the US economy in the long run.