Trump imposed tariff up to 41 percent, signs on order, 70 countries including India come into force from today

Taking a big decision, US President Donald Trump has signed the order to implement the tariff on many countries. Trump issued a tariff order from 10 to 41 percent. He says that this step will give economic security to America and the imbalance going on for years will also be removed. The White House has released a fact sheet, which mentions the tariff rate of many countries.

According to the news of ‘Hindustan Times’ The new tariff rate includes 25% on exports from India, 20% on goods coming from Taiwan and 30% on goods coming from South Africa. Pakistan has 19 percent tariffs and 15 percent on Japan. Similarly, Israel has 15 percent tariffs and 35 percent on Iraq. Trump has imposed 30 percent tariffs on South Africa, 15 percent on South Korea and 20 percent on Sri Lanka.

From when will the new tariff rate be implemented

The fact sheet released by the White House states that the new tariff rate is to be implemented from August 1, but it will come into effect a week after the order. Trump has made a different system about Canada. According to the news of Reuters, Canada has a 35 percent tariff. This was 25 percent earlier. The US has alleged that Canada has failed to prevent illegal drug crisis.