{"id":1259,"date":"2025-07-31T15:20:57","date_gmt":"2025-07-31T15:20:57","guid":{"rendered":"http:\/\/hamanship.com\/?p=1259"},"modified":"2025-08-04T15:41:16","modified_gmt":"2025-08-04T15:41:16","slug":"trump-signs-order-imposing-new-tariffs-on-a-number-of-trading-partners-that-go-into-effect-in-7-days","status":"publish","type":"post","link":"http:\/\/hamanship.com\/index.php\/2025\/07\/31\/trump-signs-order-imposing-new-tariffs-on-a-number-of-trading-partners-that-go-into-effect-in-7-days\/","title":{"rendered":"Trump signs order imposing new tariffs on a number of trading partners that go into effect in 7 days"},"content":{"rendered":"

By JOSH BOAK, Associated Press<\/strong><\/p>\n

WASHINGTON (AP) \u2014 President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug. 7 \u2014 the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades.<\/p>\n

The order was issued shortly after 7 p.m. on Thursday. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president’s self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonized, according to a senior administration official who spoke to reporters on a call on the condition of anonymity.<\/p>\n

After initially threatening the\u00a0African nation of Lesotho<\/a>\u00a0with a 50% tariff, the country’s goods will now be taxed at 15%. Taiwan will have tariffs set at 20%, Pakistan at 19% and Israel, Iceland, Norway, Fiji, Ghana, Guyana and Ecuador among the countries with imported goods taxed at 15%. Switzerland would be tariffed at 39%.<\/p>\n

Trump had announced\u00a0a 50% tariff on goods from Brazil,<\/a>\u00a0but the order was only 10% as the other 40% were part of a separate measure approved by Trump on Wednesday.<\/p>\n

The order capped off a hectic Thursday as nations sought to continue negotiating with Trump. It set the rates for 66 countries, the 27-member European Union, Taiwan and the Falkland Islands, with a baseline 10% rate to be charged on countries not listed in the order. The senior administration official said the rates were based on trade imbalance with the U.S. and regional economic profiles.<\/p>\n

On Thursday morning, Trump engaged in a phone conversation with Mexican President Claudia Sheinbaum on trade. As a result of the conversation, the U.S. president said he would enter into a 90-day negotiating period with Mexico, one of the nation’s largest trading partners. The current\u00a025% tariff rates<\/a>\u00a0are staying in place, down from the 30% he had threatened earlier.<\/p>\n

\u201cWe avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,\u201d Sheinbaum wrote on X after a call with Trump that he referred to as \u201cvery successful\u201d in terms of the leaders getting to know each other better.<\/p>\n