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Trump signs executive order to raise tariffs on products from dozens of countries, including Canada.

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Friday, August 1


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US President Donald Trump signed an executive order Thursday night imposing higher tariffs on dozens of countries with which the United States estimates it has a trade deficit.

Among the regions is Canada, which will see a 10 percent increase in what was agreed upon, leaving its products with tariffs of 35 percent.

The new customs tariffs range from 10 percent to 41 percent, with the highest for Syria, while the European Union (EU), Japan, and South Korea will be subject to 15 percent.

What changes will the president implement?

The new surcharges will begin to be collected on August 7, seven days later than the originally announced date. This delay is intended to give customs time to prepare, a senior U.S. official told reporters.

In the case of Canada, the tariff went from 25 to 35 percent on products from the region entering the United States outside the North American Free Trade Agreement (USMCA).

"Canada has failed to cooperate in stemming the continued flow of fentanyl and other illicit drugs and has retaliated against the United States," the White House lamented in a statement.
"Mexican cartels are increasingly operating fentanyl and nitazene synthesis laboratories in Canada," he added, referring to two synthetic opioids of concern to the United States.

Washington increased the surcharges for Costa Rica, Bolivia and Ecuador from 5 percent to 15 percent, and kept the ones planned in April for Venezuela at 15 percent and Nicaragua at 18 percent intact.

In a document in which Washington specifies the new taxes, Brazil appears with 10 percent, but it will only be until August 6.

On July 30, the Trump administration announced that it would add 40 percentage points (pp), equivalent to 50 percent, to this universal minimum tariff on imported Brazilian goods, primarily due to the trial of its former ally, the far-right ex-president Jair Bolsonaro, accused of being a coup leader.

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