US President Donald Trump slapped steep tariffs on exports from dozens of trading partners including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline. Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. The order, opens new tab listed higher import duty rates of 10% to 41% starting in seven days for 69 trading partners as the 12:01 a.m. EDT (0401 GMT) deadline approached.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan, Saudi Arabia to discuss ‘augmenting’ kingdom’s $3bn deposit

According to a joint statement released on Sunday, Pakistan and Saudi Arabia…

DRAP to raise price of paracetamol to end shortage

Officials and industry officials said on Wednesday that the Drug Regulatory Authority…

Israeli gunfire wounds Palestinian near occupied East Jerusalem

Israeli forces have opened fire and wounded a Palestinian in the town…

Netanyahu vows ‘there will be no Palestinian state’

Israel’s Prime Minister Benjamin Netanyahu has declared “there will be no Palestinian…