Donald Trump has rolled out a range of new tariffs around the world – including a 35 per cent levy on Canada.
On Thursday evening in Washington, the President confirmed a host of countries would be issued tariffs, with some as high as 41 per cent.
Canada – which had been targeted in March this year shortly after Trump returned to office – was handed some stern words as it faced new fees, effective from August 1.
“In response to Canada’s continued inaction and retaliation, President Trump has found it necessary to increase the tariff on Canada from 25 per cent to 35 per cent to effectively address the existing emergency,” the White House said.
That came thanks to the country’s failure to act on the “illicit drug crisis” flooding America’s borders, it added.
But Britain was handed the lowest rate of all the countries listed, securing a 10 per cent duty – the same as it did when Trump rolled out his “Liberation Day” tariffs.
Alongside the UK, just two other countries or territories were handed a 10 per cent tariff, one of which being the Falkland Islands.
The other was Brazil – despite Trump signing an executive order to hit the South American giant with 50 per cent duties amid a “witch-hunt” into ex-President Jair Bolsonaro on Wednesday.
But under the rollout on Thursday – shortly after midnight on Friday in Britain – India’s US-bound exports would see 25 per cent tariffs, 20 per cent for Taiwan’s and 30 per cent for South Africa’s.
Syria was handed the highest rate at 41 per cent, while southeast Asian pair Laos and Myanmar received 40 per cent each.
One senior American official explained that the 10 per cent rate applied to any nation with which the US enjoyed a trade surplus.
That applies to the UK and Brazil of the countries in Trump’s latest list.
The official added that a 15 per cent rate would be dished out to countries with a “small deficit”, as well as the EU.
Brussels has been handed a two-stage tariff which effectively sets levies at a minimum of 15 per cent.
