What are reciprocal tariffs?

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.

What is foreign currency?

Foreign currency refers to the money used in other countries. It is often exchanged for domestic currency in international trade and travel.

What is import and export?

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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Home > Headlines > Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Headlines

Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Published by Global Banking & Finance Review®

Posted on August 1, 2025

1 min read

Last updated: January 22, 2026

Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports - Headlines news and analysis from Global Banking & Finance Review

Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Quick Summary

Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports

Overview of New Tariffs

Tariff Rates by Country

India's Tariff Rate

Key Takeaways

Frequently Asked Questions about Trump sets 10% to 41% 'reciprocal' tariffs on dozens of countries' exports