America: President Donald Trump took a big decision and signed an order to impose tariffs on many countries, Trump issued an order for tariffs ranging from 10 to 41 percent

Related Articles

Former Congress MLA from Jalna Kailash Gorantyal joined the Bharatiya Janata Party along with his supporters

19 hours ago

Maharashtra GOVT: In the late night reshuffle in Maharashtra, the Agriculture Ministry was taken away from Manikrao Kokate and the Sports and Minority Department was given to him, Dattatreya Bharne has been appointed as the new Agriculture Minister.

20 hours ago

Students from different states of Delhi protested against the complaints of irregularities in SSC exams. When the police chased away the protesting students, AAP and Congress targeted BJP.

20 hours ago

Taking a big decision, US President Donald Trump has signed an order to impose tariffs on several countries. Trump has issued an order for tariffs ranging from 10 to 41 percent. He says that this step will provide economic security to America and will also remove the imbalance in trade that has been going on for years. The White House has issued a factsheet, which mentions the tariff rates of several countries.

According to the news of ‘Hindustan Times’, the new tariff rates include 25% tariff on exports from India, 20% on goods coming from Taiwan and 30% tariff on goods coming from South Africa. 19 percent tariff has been imposed on Pakistan and 15 percent on Japan. Similarly, 15 percent tariff has been imposed on Israel and 35 percent on Iraq. Trump has imposed 30 percent tariff on South Africa, 15 percent on South Korea and 20 percent on Sri Lanka.

When will the new tariff rate be implemented?

The factsheet released by the White House states that the tariff rate was to be implemented from August 1, but it has been said that it will be implemented a week after the new order. Trump has created a different system for Canada. According to Reuters, a 35 percent tariff has been imposed on Canada. It was 25 percent earlier. America has alleged that Canada has failed to stop the illegal drug crisis.

What will be the effect of the new tariff?

Trump’s new tariff rate can also put a burden on American companies. He says that this rate will affect foreign exporters, but it is also being claimed that most of its burden will fall on American companies. This can increase inflation in America.

How much tariff imposed on which country

Afghanistan -15%
Algeria – 30%
Angola -15%
Bangladesh – 20%
Bolivia – 15%
Bosnia and Herzegovina -30%
Botswana – 15%
Brazil – 10%
Brunei – 25%
Cambodia -19%
Cameroon – 15%
Ecuador 15%
Equatorial Guinea 15%
Ghana – 15%
Guyana 15%
Iceland 15%
India 25%
Indonesia 19%
Iraq 35%
Israel 15%
Japan 15%
Jordan 15%
Kazakhstan – 25%
Laos 40%
Lesotho 15%
Libya 30%
Liechtenstein – 15%
Madagascar – 15%
Malawi 15%
Malaysia 19%
Myanmar 40%
Namibia 15%
Nauru 15%
New Zealand 15%
Nicaragua 18%
Nigeria 15%
Pakistan 19%
South Africa – 30%
South Korea – 15%
Sri Lanka – 20%
Switzerland – 39%
Syria 41%
Taiwan 20%
Thailand 19%
Turkey 15%
Vietnam – 20%
Zimbabwe – 15%