New U.S. tariffs target many countries, Syria receives highest rate

On Thursday evening, President Donald Trump signed an executive order increasing tariffs on numerous countries that the United States considers to have heavily imbalanced trade relationships in their favor. The White House framed this move as part of a broader effort to "restructure global trade in a way that benefits American workers."

According to an official White House statement, the new tariffs, which will take effect on August 7, will range between 10% and 50%. They will target countries that Washington sees as having significantly unbalanced trade relations, especially in the absence of bilateral trade agreements.

Syria topped this list, facing the highest tariff rate. These new tariffs will apply specifically to countries that have not concluded bilateral trade agreements with the United States.

Tariffs on Some Arab Countries:

15% on Jordan

25% on Tunisia

30% on Algeria and Libya

35% on Iraq

41% on Syria

As for countries that have signed bilateral trade agreements with the United States, the tariffs stipulated in those agreements will apply. However, most countries will face tariffs ranging between 10% and 15%.

Tariffs on Some Other Countries:

10% on British goods

15% on the European Union, Japan, and South Korea

25% on India

30% on South Africa

35% on Serbia

39% on Switzerland

40% on Laos

50% on Brazil

These additional tariffs have raised widespread concerns among companies that export to the United States.

Canada was similarly affected, as Trump increased tariffs on its non-NAFTA-covered products from 25% to 35%.

Several Asian countries that heavily rely on the U.S. market expressed relief that their exports will face lower tariff rates than previously expected. For example, tariffs on goods from Cambodia and Thailand were reduced from 36% to 19%.

Taiwan expressed hope for reaching an agreement that would lower the 20% tariffs imposed on its exports.

A-H 

ANHA