By Ryan Hanrahan
Reuters’ David Lawder, Trevor Hunnicutt and Aida Pelaez-fernandez reported that “U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy. Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order.”
“The order listed higher import duty rates of 10% to 41% starting in seven days for 69 trading partners,” Lawder, Hunnicutt and Pelaez-fernandez reported. “Goods from all other countries not listed would face a 10% U.S. import tax. Trump had previously said that rate might be higher. The administration also teased that more trade deals were in the pipeline as it seeks to close trade deficits and boost domestic factories.”
Source : illinois.edu