News Brief
Swarajya Staff
Aug 01, 2025, 08:59 AM | Updated 09:02 AM IST
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US President Donald Trump has signed a sweeping executive order imposing sharply higher tariffs on 69 trading partners, with import duties rising as high as 50 per cent.
India has been hit with a 25 per cent rate, part of Trump's broader push to reshape global trade ahead of a Friday deal deadline.
The new tariffs, which take effect in seven days, are part of what the White House calls a “reciprocal tariff” regime designed to counter what Trump described as persistent trade imbalances and national security risks, NDTV reported.
The duties ranged as high as 41 per cent on Syria, 35 per cent on many goods from Canada, 50 per cent for Brazil, 25 per cent for India, 20 per cent for Taiwan and 39 per cent for Switzerland.
Meanwhile, tariffs on Pakistan imports have been slashed from 29 per cent to 19 per cent.
India’s 25 per cent tariff follows stalled trade talks over access to its agricultural market and continued oil imports from Russia.
While Mexican goods were granted a 90-day reprieve from a planned 30 per cent tariff, Canada faced increased duties, including a fentanyl-linked 35 per cent rate.
Brazil, meanwhile, was hit with the highest 50 per cent tariff—seen as retaliation for the prosecution of Trump ally Jair Bolsonaro—though sectors like aircraft and energy were spared.
South Korea accepted a 15 per cent tariff and pledged $350 billion in U.S.-bound investments. Meanwhile, China faces an August 12 deadline to finalise a broader trade agreement. Ongoing disputes include tariffs and restrictions on rare earth mineral exports.
The Trump administration said more deals could be announced soon, with some countries still negotiating terms to avoid the full impact of the new rates.