Trump Imposes Tariffs on 69 Nations, EU

President Donald Trump has signed an executive order imposing tariffs on imports from 69 countries and the European Union, with rates from 10% to 41% starting August 7. Countries with significant trade deficits or unresolved trade issues, such as India (25%), Brazil (50%), Taiwan (20%), and Canada (35%), face the steepest levies, while unlisted nations will receive a baseline 10% tariff. The EU and some countries negotiated partial exemptions or reduced rates, and Mexico was granted a 90-day reprieve for further negotiations. The tariffs are intended to promote 'fair and reciprocal' trade, according to the administration. The move has already triggered diplomatic tensions, market volatility, and threats of retaliation. American consumers are expected to pay higher prices on many goods as global supply chains and trade relations are impacted.