World Signal

President Trump signed an executive order shortly after 7 p.m. Eastern on July 31, 2025 in Washington D.C. The order imposes new reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries. India faces a 25% tariff on exports to the United States effective August 1, 2025. Singapore is not specifically mentioned among countries facing individual rates. Taiwan faces a 20% tariff rate under the new order. South Africa faces a 30% reciprocal tariff. Many Canadian goods will face an increased tariff of 35%, up from 25%, due to Canada’s failure to curb fentanyl flows. Brazil faces punitive tariffs totaling up to 50% on certain exports like coffee and meat. Switzerland faces a 39% tariff on exports to the United States. A baseline 10% tariff applies to countries not listed in the annex to the executive order. Trump justified the measures citing U.S. trade deficits and national security concerns, using emergency powers under IEEPA. The tariffs are ...