Trade war: Trump signs executive order imposing tariffs up to 41% - what to know

Aug 1, 2025 - 06:30
Trade war: Trump signs executive order imposing tariffs up to 41% - what to know

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US President Donald Trump has implemented a revised trade tariff regime under his “America First” policy, effective August 7. It imposes a default 10% tariff on 68 nations and the EU, with higher rates for countries with trade deficits, starting at 15%. Syria faces the highest tariff at 41%.

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