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Trump signs order for 'reciprocal' tariff rates set for Aug. 7

( August 1, 2025, 00:14 GMT | Official Statement) -- MLex summary: US President Donald Trump signed an executive order formalizing "reciprocal" tariff rates for dozens of countries, which will take effect on Aug. 7. Any country engaged in transshipment will pay a 40 percent rate. The executive order lists tariff rates for dozens of countries ranging from 10 percent to 40 percent, with most countries at 15 percent. Any country not on the list and without a separate agreement will be tariffed at 10 percent. And while several countries have reached preliminary trade agreements, those still in negotiations will be subject to the rate listed until those agreements are signed.Executive order and tariff rate list by country:...

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