The White House said the higher tariffs, ranging from 10% to 41%, will take effect in seven days for 69 countries. Mexico received a 90‑day extension after securing a temporary deal to maintain its existing 25% rate.
Canada, Washington’s second‑largest trading partner, saw its tariff rise to 35% from 25% on goods not covered by the U.S.-Mexico-Canada Agreement. Prime Minister Mark Carney said he was “disappointed” by the move but pledged to continue negotiations.
Trump linked the decision partly to Canada’s “continued inaction and retaliation” on fentanyl trafficking. The escalation followed Canada’s announcement of support for Palestinian statehood, which Trump said would make reaching a trade deal “very hard.”
India, the world’s third‑largest oil importer and a key buyer of Russian crude, was assigned a 25% rate. A senior U.S. official cited India’s “closed market” and geopolitical tensions, including its ties to the BRICS bloc.
Taiwan, which has been in talks with Washington since April, received a reduced 20% tariff. President Lai Ching‑te said negotiations were not yet finalised and described the tariff as “temporary.”
Markets across Asia reacted sharply, with South Korea’s KOSPI falling more than 3% and its currency dropping to a two‑month low. Malaysia, Cambodia and Thailand secured 19% rates, which officials described as safeguarding key export sectors.
The tariff package also ends the longstanding “de minimis” exemption for parcels worth less than $800, a move expected to impact online retailers such as Shein and Temu. The exemption will end on 29 August.
Legal challenges are continuing, with U.S. appeals court judges questioning whether the tariffs are justified under emergency powers. Businesses and states opposing the measures argue that Trump has exceeded his authority under the International Emergency Economic Powers Act.
The White House said customs and tariff revenues have already topped $150 billion since Trump took office and would “skyrocket” after the new duties take effect.
Critics, including Senate Majority Leader Chuck Schumer, accused Trump of waging a “trade war on the American people,” warning of rising prices for consumers.
Cameroon concluded a weeklong training programme on Saturday for indigenous communities in artificial intelligence (AI), as part of activities marking...
Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan spoke on 9 August, praising regional peace steps, new gas exports to Sy...
More than 1,000 aid packages have been airdropped over the Gaza Strip since the resumption of the international airdrop operation on 26 July, the Isra...
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough,...
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, ...
Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan spoke on 9 August, praising regional peace steps, new gas exports to Syria, and deepening bilateral ties.
More than 1,000 aid packages have been airdropped over the Gaza Strip since the resumption of the international airdrop operation on 26 July, the Israel Defense Forces (IDF) announced on Friday.
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough, marking a decisive step toward stability and cooperation in the South Caucasus.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Cameroon concluded a weeklong training programme on Saturday for indigenous communities in artificial intelligence (AI), as part of activities marking the International Day of the World's Indigenous Peoples.
World leaders and international organisations have hailed the U.S.-brokered peace agreement between Azerbaijan and Armenia as a historic breakthrough, marking a decisive step toward stability and cooperation in the South Caucasus.
Afghan authorities have begun building a 50 million afghani canal in Panjshir province to improve irrigation, support farmers, and create 1,000 jobs, according to Tolonews.
Ukrainian President Volodymyr Zelenskyy said that he had spoken with British Prime Minister Keir Starmer, noting their shared view on the threat posed by Russia’s attempt “to reduce everything to discussing the impossible.”
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment