- New tariffs range from 10% to 41% depending on the country.
- Revised rates that take effect in seven days.
- Canada, India, Brazil, Switzerland face steep tariffs.
Washington: US President Donald Trump has announced a fresh wave of steep import tasks targeting dozens of countries – including Pakistan with 19% duty on imports before a deadline on Friday trade.
The move is part of his broader efforts to shake global trade rules. Pakistan now joins a list of 69 nations whose goods will have new US tariffs ranging from 10% to 41% starting next week.
Trump said the new tariffs are intended to solve what he sees as unreasonable trade imbalance and protect US financial and security interests.
Trump released an executive order showing higher import duties for 10% to 41% from seven days for 69 trading partners as the deadline of 12:01 EDT (0401 GMT) approached. Some of them had reached customs -reducing offers and others had no opportunity to negotiate with his administration.
The order said that goods from all other countries not listed in an annex would be subject to a 10% US tariff rate.
Trump’s order stated that some trading partners, “despite having participated in negotiations, have offered terms that, in my judgment, do not adequately address imbalances in our trading conditions or have failed to adapt to the United States on financial and national security issues.”
Trump issued a separate order for Canada raising the rate of Canadian goods subject to fentanyl -related tariffs to 35% from 25% earlier, saying that Canada had “failed to cooperate” in limiting fentanyl flows into the United States.
The higher tariffs on Canadian goods contrasted sharply with Trump’s decision to give Mexico a 90-day postponement from higher tariffs of 30% on many goods to give more time to negotiate a wider trade pact.
An American official told journalists that several trade agreements were not yet announced when Trump’s higher “mutual” tariffs were to come into force.
“We have some offers,” the official said. “And I will not come ahead of the president of the United States in announcing these offers.”
As for the steep tariffs on goods from Canada, the second largest US trading partner after Mexico, the official said that Canadian officials have not shown the same level of constructivity we have seen from the Mexican side. “
The extension of Mexico avoids a 30% customs duty on most Mexican non-automotive and non-metal products that are in line with the US-Mexico-Canada deal on trade and came after a Thursday morning call between Trump and Mexican President Claudia Sheinbaum.
“We avoided the Customs Increase, which was announced tomorrow,” sheinbaum wrote in an X post on social media, adding that the Trump call was “very good.”
About 85% of US imports from Mexico comply with the rules of origin described in USMCA and protect them from 25% duties in connection with Fentanyl, according to Mexico’s Ministry of Economy.
Trump said the United States would continue to charge a 50% tariff on Mexican steel, aluminum and copper and a 25% duty on Mexican cars and on non-USMCA compatible goods subject to customs in connection with the US fentanyl crisis.
“In addition, Mexico has immediately agreed to end his non -Teach trade barriers, many of which were,” Trump said in a true social post without giving details.
Korea Deal, India Discord
South Korea on Wednesday agreed to accept a 15% duty on its exports to the United States, including cars, from an endangered 25%, as part of a deal that includes a promise to invest $ 350 billion in US projects to be selected by Trump.
But it lasts from India to be heading for a 25% duty after conversations spoiled over access to India’s agricultural sector and drawn a threat with a higher rate from Trump, which also included an unspecified penalty for India’s purchase of Russian oil.
Although negotiations with India continued, New Delhi promised to protect the country’s labor -intensive courtyard sector, triggering outrage from the opposition party and a decline in rupe.
Trump’s roll -out of higher import duties on Friday is in the midst of more evidence that they have begun to increase the prices of consumer goods.
Data on trade department released on Thursday showed prices for home decor and durable household equipment sprang 1.3% in June, the biggest gain since March 2022, after rising 0.6% in May. Prices for recreational goods and vehicles rose 0.9%, most since February 2024, after he was unchanged in May. Prices for clothing and footwear rose 0.4%.
Hard questions from judges
Trump hit Brazil on Wednesday with a steep 50% duty when he escalated his battle with Latin America’s biggest economy on its prosecution of his friend and former President Jair Bolsonaro, but softened the battle by excluding sectors such as aircraft, energy and orange juice from heavier taxes.
The upbeat of Trump’s customs deadline unfolded as the federal appeals judges sharply questioned Trump’s use of a sweeping emergency to justify his steep tariffs of up to 50% on almost all trading partners.
Trump invoked the 1977 Economic Powers Act to declare an emergency in relation to the growing US trade deficit and impose his “mutual” tariffs and a separate fentanyl nod situation.
The Court of International Trade in May decided that the acts exceeded his executive authority, and issues from judges under oral arguments for the US appeals law for the Federal Circuit in Washington indicated further skepticism.
US Treasury Secretary Scott Bessent previously said the United States believes it has the reservations of a trade agreement with China, but it is “not 100% done” and still needs Trump’s approval.
American dealers “pushed back quite a bit” over two days of trade negotiations with the Chinese in Stockholm this week, Bessent said in an interview with CNBC.
China is facing a deadline on August 12 to reach a sustainable customs agreement with Trump’s administration after Beijing and Washington reached preliminary agreements in May and June to end escalating tit-for-tattoo-tarifs and a cut of rare earthenemaker.
