US President Donald Trump speaks at the White House, July 31, Washington (©Reuters/Kyodo)
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On July 31, the White House unveiled a sweeping update to its reciprocal tariffs policy, announcing new rates on imports from a wide range of countries and regions. The tariffs will range from 10% to 41%. A 15% rate has been applied to nations such as Japan, South Korea, and the European Union (EU), consistent with their tariff negotiations with the United States. President Donald Trump signed an executive order authorizing the changes, which are set to take effect seven days from the date of signing.
Canada Sanctioned
At the top end of the scale, Syria will face a 41% tariff, followed by Myanmar and Laos at 40%. India will be hit with a 25% rate, while Taiwan will see a 20% tariff imposed. Countries not explicitly assigned individual rates will be subject to a standard 10% tariff, according to the official White House release.
Separately, Canada, having failed to reach a deal in negotiations over synthetic drug enforcement, will see its tariff rate rise from 25% to 35% under a targeted measure. This aims to curb the flow of illicit substances into the United States. Separately, Trump signed a 90-day delay of the tariffs he has imposed on Mexico. The delay allows time for negotiations on border enforcement as well as trade between the two neighbors.
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Author: Nagahisa Shiobara, The Sankei Shimbun
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