President Donald Trump issued an executive order On Thursday, slapping tariffs to many of the United States commercial partners, but the new duties will enter into force in seven days, not Friday as they had anticipated.
The Executive Order establishes rates that will be applied against almost 70 countries, ranging from 10% to 41% in which an Trump administration official acclaimed as the beginning of a “new trade system.”
The order was presented only a few hours before a deadline of August 1 that Trump had established for countries to make trade agreements with the United States, but tariffs will not immediately enter into force.
The countries that face the highest rates in the executive order are Laos and Myanmar with 40% and Syria with 41%. However, the president previously announced a 40% rate on Brazil, which, when added in addition to the 10% reference rate in the new order, means a 50% rate in imports from the country to the United States.
Trump previously announced some of the rates, such as a 35% rate in Canada, presented in a separate executive order and a 25% rate in India.
The countries that do not appear in the executive order will face a 10%rate.
The White House has said that rates were largely determined depending on the commercial deficit that the United States has with those commercial partners.
The new tariff rates resemble the taxes that were placed in more than 90 countries on April 2, although there are some differences.
Trump launched the so -called reciprocal tariffs in April, then delayed them, then promised to reach approximately 90 commercial agreements in 90 days. In early July, Trump delayed rates again, establishing a deadline on August 1.
The new executive order seems to add 15% of tariffs to the assets of several countries that are not initially included in the executive order of the “Liberation Day” of the President on April 2, including Bolivia, Ecuador, Ghana and Iceland.
Other rates have been reduced, partly through commercial agreements, the White House announced previously.
The Vietnam rate is set at 20%, below 46%. The Japan rate is set at 15%, below 24%.
The administration has reached other agreements with the main US business partners.
After the ‘release day “tariffs were presented and then delayed, Trump sent letters to leaders of approximately two dozen countries that describe the tariff levels that would come into force if no agreement was reached.
The Trump administration ran to attack trade agreements during the days prior to the deadline in an effort to gain concessions from specific countries in exchange for reduced rates.
President Donald Trump holds a table while speaking during a commercial event “Make America Wealthy Again” in the Rosas Garden in the White House, on April 2, 2025.
Somodevilla/Getty chip
Before Thursday’s executive order, Trump negotiated agreements with the United Kingdom, Indonesia, Vietnam, Philippines, Japan, the European Union and South Korea. The White House also reached a preliminary agreement with China that reduced Tit-For-OT rates previously imposed by the two largest economies in the world.
On Wednesday, Trump announced a 90 -day delay of reciprocal rates directed to Mexico, which would otherwise have faced 30% of the encumbrances. Instead, Mexico faces a 25% rate for most goods, as well as specific tariffs of the sector, aimed at cars, aluminum and steel. These taxes exclude products that comply with the United States-Mexico, or USMCA, a free trade agreement.
It is expected that tariffs presented so far by Trump cost an average home of $ 2,400 this year, the Yale Budget Laboratory found on Wednesday.
Importers generally transmit a part of the tax burden related to consumers in the form of price increases.
The Trump administration has promoted tariffs as part of a broader set of “economic policies in America First”, which “have caused billions of dollars in new investments in manufacturing, technology and infrastructure of the United States,” according to the White House. website.
In statements to journalists on Thursday, an administration official Trump praised the new tariff system as a “new trade system” that aims to prioritize “fair and balanced trade” on efficiency at all costs.
For his part, the president has insisted that the levies were again, again, constitute a key part of his negotiation strategy.
The president and his commercial team want to reduce the best offers for the American people and the American worker, “said the White House Secretary, Karoline Leavitt, last month when she announced the deadline of August 1.
ABC News Jack Moore contributed to this report.
