Donald Trump has signed an executive order placing tariffs on dozens of US trading partners just hours before the 1 August deadline he set for deals to be done.
The new tariffs, the next step in his trade agenda that will test the global economy, are set to go into effect in seven days. The extension reflects the government’s need for more time to harmonize the tariff rates, AP reports, according to a senior official who spoke to reporters on condition of anonymity.
The order applies to 68 countries and the 27-member European Union. Rates were set at 25% for India’s US-bound exports, 20% for Taiwan, 19% for Thailand and 15% for South Korea.
Trump also increased duties on Canadian goods to 35% from 25% for all products not covered by the US-Mexico-Canada trade agreement, but gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal. Trump had threatened on Wednesday that Ottawa’s move to recognise a Palestinian state would make agreeing a trade deal “very hard”.
Asian shares fell on Friday after the tariffs announcement.
Read on for more on tariffs and other key US politics news of the day:
Trump imposes tariffs of 10% to 41% on dozens of countries, hours before deadline
US president Donald Trump has signed an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, as he extended the deadline for a tariff deal with Mexico by another 90 days.
Rates were set at 25% for India’s US-bound exports, 20% for Taiwan and 30% for South Africa ahead of Trump’s self-imposed deadline to strike trade deals with countries around the world by 1 August. Brazil’s tariff rate was set at 10%, but a previous order signed by Trump placed a 40% tariff on some Brazilian goods, to punish the country for prosecuting its former president, Jair Bolsonaro, for trying to overturn an election he lost and inspiring his supporters to storm the seat of government.
Separately, the White House announced that Canadian imports will face tariffs of 35%, not the current 25%. Trump had threatened on Wednesday that Ottawa’s move to recognise a Palestinian state would make agreeing a trade deal “very hard”.
Trump signs order increasing tariffs on Canadian goods from 25% to 35%
Donald Trump signed an executive order on Thursday increasing tariffs on Canadian goods imported to the United States from 25% to 35%.
The new import tax rates goes into effect on Friday, according to a White House factsheet. The tariff would cover all products not covered by the US-Mexico-Canada trade agreement. Goods transshipped to another country to evade the new tariffs would be subject to a transshipment levy of 40%.
The decision comes after months of tariff threats from the Trump administration, and escalating trade tensions that have sowed anger in Canada.
Trump threatens drug giants with crackdown over prices
Donald Trump has threatened to use “every tool in our arsenal” to crack down on pharmaceutical companies if they fail to cut drug prices for Americans within 60 days.
The president wrote to executives at 17 companies on Thursday, demanding they match their US prices for prescription drugs with the lowest price offered in other developed nations.
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Executive order brings back presidential fitness test in schools
Donald Trump signed an executive order on Thursday to bring back the presidential fitness test, a series of physical tests for schoolchildren in the US that was in place for decades but suspended 12 years ago to focus less on competition and more on healthy lifestyles.
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Hegseth aides used polygraphs against colleagues
Senior aides to the defense secretary, Pete Hegseth, conducted polygraphs on their own colleagues this spring, in some cases as part of an effort to flush out anyone who leaked to the media and apparently to undercut rivals in others, according to four people familiar with the matter.
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Fema denies grants to Kentucky counties ravaged by storms
The Federal Emergency Management Agency (Fema) denied requests for three Kentucky counties affected by severe storms last spring, and deemed the state ineligible for hazard mitigation grants that would help prepare for future disasters.
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Trump to build ‘beautiful’ $200m ballroom at White House
The White House will soon begin construction of a new $200m ballroom to be ready before Donald Trump’s term ends in early 2029.
Press secretary Karoline Leavitt said the building will be 90,000 sq ft and will hold up to 650 seats.
It will be the latest change introduced to what’s known as “the People’s House” since the Republican president returned to office in January. It also will be the first structural change to the executive mansion itself since the addition of the Truman Balcony in 1948.
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What else happened today:
Catching up? Here’s what happened 30 July 2025.
