Headlines
Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports
Published by Global Banking and Finance Review
Posted on August 1, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 1, 2025
1 min readLast updated: January 22, 2026
President Trump imposes reciprocal tariffs of 10% to 41% on imports from multiple countries, affecting global trade relations.
WASHINGTON (Reuters) -President Donald Trump signed an executive order on Thursday imposing reciprocal tariffs ranging from 10% to 41% on U.S. imports from dozens of countries and foreign locations.
Rates were set at 25% for India's U.S.-bound exports, 20% for Taiwan's and 30% for South Africa's.
(Reporting by Jasper Ward and Trevor Hunnicutt; Editing by Sandra Maler)
Reciprocal tariffs are tariffs that one country imposes on another in response to tariffs imposed by that country. This practice aims to create a balance in trade relations.
Foreign currency refers to the money used in other countries. It is often exchanged for domestic currency in international trade and travel.
Import refers to bringing goods into a country from abroad, while export refers to sending goods out of a country to sell in foreign markets.
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