Trump’s Tariff Overhaul Signals Bold Trade Shift

President Trump holds a tariffs board in a file photo, signaling his aggressive trade policy shift to address the U.S. trade deficit. (AP)
President Trump holds a tariffs board in a file photo, signaling his aggressive trade policy shift to address the U.S. trade deficit. (AP)

USTR Greer Heralds New Era for U.S. Manufacturing

President Donald Trump’s latest executive order, modifying reciprocal tariff rates, marks a seismic shift in U.S. trade policy, aiming to slash a $1.2 trillion goods trade deficit, said U.S. Trade Representative Jamieson Greer.

The order, effective August 1, targets countries, including South Africa, with imbalanced trade practices, prioritizing American manufacturing and jobs.

Ad
Ad for a 4-night hotel stay getaway valued at $636 plus a $200 restaurant offer, no purchase necessary. Sign up today for a tropical vacation.

Greer lauds PresidentTrump’s “historic” tariff program and “Trump Round” negotiations, which have secured unprecedented market access for U.S. exporters and spurred trillions in manufacturing investments.

This restructuring, rooted in fair and balanced trade principles, counters decades of offshoring that hollowed out U.S. industries. Critics warn of potential price hikes, but Greer insists the strategy bolsters economic and national security.

As global trade realigns, the policy’s success hinges on ongoing negotiations with trading partners, promising a new era of prosperity.

Countries and TerritoriesReciprocal Tariff, Adjusted
Afghanistan15%
Algeria30%
Angola15%
Bangladesh20%
Bolivia15%
Bosnia and Herzegovina30%
Botswana15%
Brazil10%
Brunei25%
Cambodia19%
Cameroon15%
Chad15%
Costa Rica15%
Côte d`Ivoire15%
Democratic Republic of the Congo15%
Ecuador15%
Equatorial Guinea15%
European Union: Goods with Column 1 Duty Rate[1] > 15%0%
European Union: Goods with Column 1 Duty Rate < 15%15% minus Column 1 Duty Rate
Falkland Islands10%
Fiji15%
Ghana15%
Guyana15%
Iceland15%
India25%
Indonesia19%
Iraq35%
Israel15%
Japan15%
Jordan15%
Kazakhstan25%
Laos40%
Lesotho15%
Libya30%
Liechtenstein15%
Madagascar15%
Malawi15%
Malaysia19%
Mauritius15%
Moldova25%
Mozambique15%
Myanmar (Burma)40%
Namibia15%
Nauru15%
New Zealand15%
Nicaragua18%
Nigeria15%
North Macedonia15%
Norway15%
Pakistan19%
Papua New Guinea15%
Philippines19%
Serbia35%
South Africa30%
South Korea15%
Sri Lanka20%
Switzerland39%
Syria41%
Taiwan20%
Thailand19%
Trinidad and Tobago15%
Tunisia25%
Turkey15%
Uganda15%
United Kingdom10%
Vanuatu15%
Venezuela15%
Vietnam20%
Zambia15%
Zimbabwe15%

Sponsor An Article, Fuel Our Journalists

Consider sponsoring our next article from as little as $0.06¢ or R1.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *