Date: August 1, 2025 Donald Trump has signed an executive order imposing new tariffs on imports from 68 countries, plus the European Union, effective in one week. Tariff rates will range from 10% to 41% depending on the country. Notable highlights include: 🇨🇦 Canada: 35% tariff (up from 25%), over alleged insufficient action on fentanyl and trade disputes 🇮🇳 India: 25% tariff 🇹🇼 Taiwan: 20% 🇿🇦 South Africa: 30% 🇲🇽 & 🇪🇺 Mexico and EU: 30% starting Aug 1 These measures are part of Trump’s broader reciprocal tariff policy, aimed at addressing trade imbalances and reshaping global trade norms under an aggressive strategy. The announcement has rattled markets, triggering declines across Asian indices and global futures. Swipe ⬅️ for more reactions and implications on global trade and economic policy. 📌 Quick Facts: Country / Region New Tariff Rate Canada 35% India 25% Taiwan 20% South Africa 30% Mexico, EU 30% What’s next? 🔸 Likely rise in trade tensions and retaliatory actions 🔸 Global economic volatility expected 🔸 Impact on international supply chains, inflation, and investment flows Stay tuned for ongoing updates and global reactions!

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