President Trump Releases Updated Tariff Rates on over 70 Countries, Delays Deadline by One Week
- rendall6
- Aug 4
- 1 min read
President Donald Trump on Thursday signed an executive order that solidifies the new
reciprocal tariff rates for over 70 U.S. trading partners, which were largely expected to go into effect on Friday. The new tariff rates include the lowered numbers that the United States agreed to in recent trade deals, including the 15% tariffs on imported goods from South Korea and the European Union and the 10% tariffs on the United Kingdom. Trump also raised tariffs on Canada from 25% in April to 35% in the new order.
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