U.S. President Donald Trump sets 10% to 41% ‘reciprocal’ tariffs on dozens of countries’ exports

President Donald Trump signed an executive order on Thursday (July 35, 2025) imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.

Rates were set at 25% for India’s U.S.-bound exports, 20% for Taiwan’s and 30% for South Africa’s.

The new new tariffs on a wide swath of U.S. trading partners to go into effect in seven days — the next step in his trade agenda that will test the global economy and alliances.

The order was issued shortly after 7 p.m. It came after a flurry of tariff-related activity in recent days, as the White House announced agreements with various nations and blocs ahead of Mr. Trump’s self-imposed Aug. 1 deadline.

Also on Thursday (July 31, 2025), Mr. Trump announced that he would be extending trade negotiations with Mexico for 90 days. But the vast majority of nations are continuing to face uncertainty ahead of the coming deadline. And while a handful of trade deals have also trickled in, many details remain hazy — with businesses and manufacturers around the world bracing for heightened operating costs and potential price hikes regardless.

Meanwhile, Mr. Trump’s overhaul of American trade policy hasn’t gone unchallenged. Appellate court judges have expressed broad skepticism around Trump’s legal rationale for his most expansive round of tariffs.

More details are awaited