Trump raised tariffs to the highest level since World War II, but Ukraine was not affected

President of the United States Donald Trump introduced new tariffs ranging from 10% to 41% on imports of goods from 69 countries. The relevant decree published on the White House website.

The decree raises the average rate of import duties on goods from around the world to 15.2%, the highest level since World War II.

The basic rate for most trading partners, including Ukraine, will remain at 10%.

The 15% rate will affect about 40 countries, including the EU, while about a dozen more will face increased duties either under agreements or unilaterally.

Thus, the tariff for Canada will increase from 25% to 35%, for Switzerland – to 39%, for Taiwan – to 20%, for South Africa – to 30%, and for India – to 25%. Syria (41%), Myanmar (40%), and Laos (40%) received the highest duties.

Some countries, including Mexico, have been granted a 90-day extension for negotiations.

Most of the duties will take effect after midnight on August 7, so that the U.S. Customs and Border Protection has time to prepare for the changes. For Canada, the tariff will take effect on August 1.

Trump explains that such measures should reduce the US trade deficit and stimulate the development of American manufacturing.

• Earlier, the United States signed trade agreements with United Kingdom, China and Vietnam, EU, Japan and India.
• july 31, Trump announced new duties on copper and goods from Brazil and South Korea.