US President Donald Trump has signed an executive order imposing new global tariffs, with a minimum 10% rate on all countries and higher rates for targeted nations. Branded “Liberation Day,” the tariffs will take effect in seven days after a one-week delay for schedule adjustments.
Trump Imposes Global Tariffs, Hits Brazil and Canada the Hardest
While some nations, like the EU, secured reduced rates through negotiation, others—like Brazil (50%), Canada (35%), and India (25%)—faced steep penalties. Trump cited drug trafficking and political disputes as reasons for harsher measures. Meanwhile, Mexico received a 90-day negotiation extension. The administration claims the tariffs will boost US industry, reduce deficits, and restore fair trade.
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