Business Desk :
With Bangladesh facing a 20 percent tariff on its exports– much lower than the initially announced 37 percent — US President Donald Trump has imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan.
Trump has set rates including a 35 percent duty on many goods from Canada, 50 percent for Brazil, 25 percent for India, 20 percent for Taiwan, and 39 percent for Switzerland.
The following rates by region in his executive order on Thursday, titled “Further Modifying the Reciprocal Tariff Rates”. These new tariffs – some of which were set through trade deals – will take effect August 7.
Adjusted US tariff for countries –
Here’s how countries and markets have reacted to the news:
China China has warned that US protectionism “harms the interests of all parties”.
“The Chinese side’s opposition to tariffs has been consistent and clear,” Foreign Ministry spokesman Guo Jiakun said.
European Union The EU’s trade chief, Maros Sefcovic, said the bloc’s exporters now benefit from a “more competitive position” following a framework agreement between the EU and the US, although he added that “the work continues.
