The White House has published the complete list of Trump’s new tariffs.
On Thursday, July 31, the White House published new mutual tariff rates concerning imports from various countries trading with the USA. This initiative aims to reduce the trade deficit and increase revenues.
This has been reported by
Bloomberg.
Complete list of Trump’s tariffs
According to the information, the revised tariffs will come into effect in 7 days at 00:01 local time. The minimum tariff rate on imports from most countries is 10%. Goods attempting to evade higher tariffs will be taxed additionally. Special conditions apply to some countries, including China, Canada, and Mexico.
Here are some updated tariff rates:
- Afghanistan - 15%;
- Algeria - 30%;
- Angola - 15%;
- Bangladesh - 20%;
- Bolivia - 15%;
- etc.
It is worth noting that this week, U.S. President Donald Trump confirmed his intention to confront Russia with sanctions if a resolution to the conflict in Ukraine is not found within 8 days. He condemned Russia's actions, calling the shelling unacceptable behavior. It should also be mentioned that Trump threatened former U.S. President Barack Obama with criminal proceedings over his allegations of Russian interference in the 2016 presidential election.
The White House announced new mutual tariffs on imports aimed at increasing revenues and developing the economy, providing a complete list of updated rates on goods from various countries.
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