U.S. President Donald Trump holds up a chart of reciprocal tariffs within the Rose Backyard on the White Home on April 2, 2025. Chip Somodevilla/Getty Photographs
International buying and selling companions responded on Friday to President Donald Trump’s new wave of tariffs on dozens of nations, with some welcoming the transfer after securing favorable phrases, whereas others expressed disappointment as their charges elevated.
Trump signed the chief order on Thursday, the eve of the Aug. 1 deadline for buying and selling companions to achieve commerce agreements with the USA. Levies vary from 10 p.c to as excessive as 41 p.c, relying on whether or not a nation has reached an settlement with the USA and the character of the settlement. These reciprocal tariffs will come into impact on Aug. 7.