Donald Trump has announced new tariffs are set to go into effect in seven days, impacting a wide range of U.S. trading partners. While he insists he has reached “excellent” deals, he has not provided any specific details.
The orders for new tariffs were signed just ahead of the president’s self-imposed deadline, and a White House official stated that the tariffs are being implemented at a later date to allow the rates schedule to be harmonized.
Speaking last night, Mr. Trump stated: “We have made a few deals today that are excellent deals for the country.” However, he declined to offer details on the nations involved, and his senior administration officials also refused to provide more information.
According to The Mirror’s understanding, some tariffs have been lowered. For example, the original 50% threat to Lesotho is now believed to be a 15% tax. It is also thought that Taiwan will face tariffs of 20% and Pakistan at 19%. Other nations with a 15% tax on imported goods include Israel, Iceland, Norway, Fiji, Ghana, Guyana, and Ecuador. Switzerland, meanwhile, is thought to be tariffed at 39%.
The president did, however, offer a pointed comment regarding Canada, confessing, “We haven’t spoken to Canada today.” This follows a recent social media post where he stated it would be “very hard” to make a trade deal with the country after it recognized a Palestinian state. He posted: “Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!”
The article also notes that while a 50% tariff was announced for Brazil, the order was only 10%, with a separate 40% measure approved earlier. This comes after one of his first significant moves as president was to impose tariffs on goods from Mexico and Canada, with the U.S. running a $171.5 billion trade deficit with Mexico last year.
