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🎙️President Trump just signed a new executive order that raises tariffs on a bunch of trading partners. This is his latest attempt to make the global trade system work better for American businesses. The new tariffs will start in seven days for 69 trading partners. The rates will go up from 10% to 41%.

🎙️European Commission President Ursula von der Leyen and US President Donald J. Trump reached an agreement on tariffs and trade. This partnership is super important for global trade and is the biggest bilateral trade and investment relationship in the world.

Credit: NDTV, European Union Press Release

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Here’s the new list of tariffs:

Reciprocal Tariff, Adjusted

1. Afghanistan 15%
2. Algeria 30%
3. Angola 15%
4. Bangladesh 20%
5. Bolivia 15%
6. Bosnia and Herzegovina 30%
7. Botswana 15%
8. Brazil 10%
9. Brunei 25%
10. Cambodia 19%
11. Cameroon 15%
12. Chad 15%
13. Costa Rica 15%
14. Côte d`Ivoire 15%
15. Democratic Republic of the Congo 15%
16. Ecuador 15%
17. Equatorial Guinea 15%
18. Falkland Islands 10%
19. Fiji 15%
20. Ghana 15%
21. Guyana 15%
22. Iceland 15%
23. India 25%
24. Indonesia 19%
25. Iraq 35%
26. Israel 15%
27. Japan 15%
28. Jordan 15%
29. Kazakhstan 25%
30. Laos 40%
31. Lesotho 15%
32. Libya 30%
33. Liechtenstein 15%
34. Madagascar 15%
35. Malawi 15%
36. Malaysia 19%
37. Mauritius 15%
38. Moldova 25%
39. Myanmar (Burma) 40%
40. Mozambique 15%
41. Namibia 15%
42. Nauru 15%
43. New Zealand 15%
44. Nicaragua 18%
45. Nigeria 15%
46. North Macedonia 15%
47. Norway 15%
48. Pakistan 19%
49. Papua New Guinea 15%
50. Philippines 19%
51. Serbia 35%
52. South Africa 30%
53. South Korea 15%
54. Sri Lanka 20%
55. Switzerland 39%
56. Syria 41%
57. Taiwan 20%
58. Thailand 19%
59. Trinidad and Tobago 15%
60. Tunisia 25%
61. Turkey 15%
62. Uganda 15%
63. United Kingdom 10%
64. Vanuatu 15%
65. Venezuela 15%
66. Vietnam 20%
67. Zambia 15%
68. Zimbabwe 15%
69. European Union: Goods with Column 1 Duty Rate > 15% 0%
70. European Union: Goods with Column 1 Duty Rate < 15% 15% minus Column 1 Duty Rate

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