Trump Signs Executive Order Revising Tariff Rates for Nearly 70 Trading Partners
Washington, D.C., The Gulf Observer: U.S. President Donald Trump on Thursday signed an executive order introducing significant modifications to tariff rates for goods imported from nearly 70 trading partners, media reported.
The executive order enforces “additional ad valorem duties on goods of certain trading partners,” with the revised tariff rates set to take effect seven days after the signing date, barring exceptions due to logistical considerations. According to the annex released by the White House, the updated duties mostly range between 10% and 40%.
The decision represents a major overhaul of the United States’ trade policy, affecting a broad spectrum of countries across different regions. The White House stated that the measure is intended to rebalance trade dynamics and encourage fair competition in international markets.
Selected Tariff Revisions Include:
- Angola: 32% → 15%
- Bangladesh: 37% → 20%
- Cambodia: 49% → 19%
- European Union (most goods): 20% → 15%
- India: 26% → 25%
- Indonesia: 32% → 19%
- Japan: 24% → 15%
- Pakistan: 29% → 19%
- Philippines: 17% → 19%
- South Korea: 30% → 15%
- Thailand: 36% → 19%
- Vietnam: 46% → 20%
- Switzerland: 31% → 39% (one of the few increases)
Several developing nations such as Lesotho, Madagascar, Guyana, and Fiji saw significant tariff reductions to 15%, while some economies—such as Switzerland and Brunei—experienced marginal increases.
This sweeping action is expected to have immediate implications for global trade flows, with affected countries assessing the potential impact on exports to the United States. Industry experts note that the revised tariff structure could trigger adjustments in supply chains and pricing strategies worldwide.
The U.S. administration emphasized that the revised rates are part of broader efforts to create a more balanced and secure trade environment, but trade partners are likely to respond with their own diplomatic or economic measures in the coming weeks.
