Trump signs executive order imposing reciprocal tariffs ranging from 10% to 41%

U.S. President Donald Trump formalized new retaliatory tariffs last Thursday through an executive order that will apply to countries exporting to the United States. According to the White House, the rates range from 10% to 41% and will take effect in seven days.

The decree includes an annex listing countries and the respective tariffs that will be charged on their exports to the U.S. According to the U.S. government, countries not listed in the document will be subject to a 10% tariff.

Among the countries receiving new rates are Syria (41%), Switzerland (39%), and Taiwan (20%), a significant exporter of semiconductors to American companies. The document also confirms other tariffs previously announced by Trump, such as 30% on goods from South Africa and 25% on those from India.

In a separate executive order, the U.S. president increased the tariff on Canada from 25% to 35%, accusing the neighboring country of failing to negotiate a trade agreement in good faith. “In response to Canada’s continued inaction and retaliation, President Trump has decided to raise the tariff from 25% to 35% to address the existing emergency effectively,” said the White House in a statement. The rate on Canadian goods will take effect tomorrow.

According to the tariff schedule released by the White House, Brazil’s base rate is listed at 10%. However, a separate executive order dated Wednesday sets an additional 40% tariff — bringing the total to 50% — due to what Trump describes as a “witch hunt” against former president Jair Bolsonaro, his political and ideological ally. Bolsonaro is a defendant in the Federal Supreme Court (STF), accused of attempting to prevent the inauguration of his successor, Luiz Inácio Lula da Silva, through a coup.

A White House official stated that the tariff on India — higher than New Delhi had expected — was due to geopolitical tensions over the country’s involvement in the BRICS group, currently chaired by Brazil and considered anti-American by Trump, as well as India’s ongoing trade with Russia, which has faced heavy U.S. sanctions since the start of the war in Ukraine in February 2022.

Also on Thursday, Trump announced that trade negotiations with Mexico — which, like Canada, has a free trade agreement with the U.S. — would be extended by 90 days.

Countries and Territories – Adjusted Reciprocal Tariff:

Source of the table: The White House
Source of article: Valor Econômico

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