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US President Donald Trump has signed an executive order implementing new ‘’reciprocal’’ tariffs on imports from 68 to 92 countries, which are set to be effective from August 7. These revised duties have been levied in view of long-standing trade imbalances with trading partners by allocating tariff rates from 10 percent to 41 percent. Countries that are hit with the highest tariffs include Syria at 41%, Myanmar and Laos with 40%, Switzerland with 39% and Iraq and Serbia with 35%. Libya, Bosnia, Algeria, Herzegovina, and South Africa are in the 30% tariff slot. The measures have been taken after negotiations, and many of the countries have received preferred rates while the baseline tariffs for all others continue to be at 10%.
Here are the 10 countries that are facing the highest reciprocal tariffs: -
Myanmar-40% Tariff has been put because of political instability and human rights probes that are disrupting bilateral trade. (Photo source: Associated Press)
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Syria-41%: The US has levied the highest tariff on Syria under the reciprocal scheme, signalling severe trade conflicts. (Photo source: Reuters)
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Laos-40%: Among the highest rates, Laos has been charged with similar tariffs to Myanmar for trade imbalances and limited involvement in economic issues.(Photo source: Associated Press)
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Switzerland-39% This country is also among one of the highest tariff lists, reflecting a strained trade partnership despite Switzerland’s high-value exports. (Photo source: Reuters)
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Iraq-35%-Elevated tariffs reflecting trade friction and US interest in reshaping economic relations amid reconstruction efforts and uncertainty. (Photo source: Reuters)
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Serbia-35%-Tariff hike over trade agreement and national security objectives. (Photo source: Reuters)
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Algeria-30%- This country is also among the steepest tier tariffs, given concerns related to energy trade and lack of partnership on economic restructuring. (Photo source: X/Reuters)
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Bosnia and Herzegovina-30%- Higher tariffs applied on smaller economies because of restricted access to negotiation. (Photo source: Canva)
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South Africa-30%- Tightened duties related to dispute over trade reciprocity and on resource-based exports like metals and minerals. (Photo source: Reuters)
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South Africa-30%- Tightened duties related to dispute over trade reciprocity and on resource-based exports like metals and minerals. (Photo source: Reuters)
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