The tariff agreement between the United States and the European Union reached in Scotland holds. In the executive order signed by Donald Trump imposing new tariffs on dozens of countries, the tariffs for the EU remain at 15%, as agreed in the bilateral meeting between the US president and European Commission President Ursula von der Leyen . Tariffs on Great Britain also remain stable at 10%.
The executive order signed by Donald Trump imposing new tariffs on dozens of countries ranges from a minimum of 10% to a maximum of 41% against Syria. Starting today, Switzerland will be hit with a 39% tariff, higher than the one threatened months ago, while Taiwan will be hit with a 20% tariff, lower . The new tariffs implemented today do not appear to take effect before August 7th. Until then, they will remain at their current levels. Furthermore, the new customs tariffs on goods shipped by sea will not be changed until October 5th.
Trump then signed an executive order increasing tariffs on Canadian goods from 25% to
35%. The White House confirmed this in a statement: " In response to Canada's continued inaction and retaliation , President Trump has deemed it necessary to increase tariffs on Canada from 25% to 35% to effectively address the current emergency."
(Unioneonline)