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Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Published by Global Banking & Finance Review

Posted on August 1, 2025

1 min read

· Last updated: January 22, 2026

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Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports
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WASHINGTON (Reuters) -President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.

Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Overview of New Tariffs

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

Tariff Rates by Country

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

India's Tariff Rate

(Reporting by Jasper Ward and Trevor Hunnicutt; Editing by Sandra Maler)

Key Takeaways

  • Trump signs executive order for reciprocal tariffs.
  • Tariffs range from 10% to 41% on imports.
  • India faces a 25% tariff rate.
  • Taiwan's exports are taxed at 20%.
  • South Africa's exports face a 30% tariff.

Frequently Asked Questions

What are reciprocal tariffs?
Reciprocal tariffs are tariffs that one country imposes on another in response to tariffs imposed by that country. This practice aims to create a balance in trade relations.
What is foreign currency?
Foreign currency refers to the money used in other countries. It is often exchanged for domestic currency in international trade and travel.
What is import and export?
Import refers to bringing goods into a country from abroad, while export refers to sending goods out of a country to sell in foreign markets.

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