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Your email address will not be published.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

US condemns South Africa’s ‘meritless’ genocide case against Israel

The US criticized South Africa for bringing a genocide case against Israel…

“Hopeful that China will stay out of Ukraine war”: Blinken

The top US diplomat said that Washington conveyed warnings to Beijing against…

Pro-Palestine supporters face growing backlash

Since the start of Israel’s ongoing war on Gaza, pro-Palestine supporters across…

US weighs new COVID rules for travelers from China

The US government may impose new COVID-19 measures on travelers to the…