New tariffs imposed by Trump take effect

The US imposed a 50% fee on India that will go into effect on August 27th if it does not prohibit Russian oil purchase.

Trump also threatened with a 100% fee for computer chips produced outside the US, prompting technology companies to invest within the country. Apple announced a $100 billion U.S. investment following pressure from the White House.

Last week, administration Trump published a new list of tariffs for dozens of business partners and extended the deadline for bilateral agreements by 7 August.

According to Trump, the purpose of these policies is “trade equality” and the protection of the American economy, reports the BBC, broadcast. Periscope.

Southeast Asian economies, such as Laos and Myanmar, were hit hard with rates of up to 40%. Experts say most affected countries have close trade ties with China.

However, several major countries, such as Britain, Japan, and South Korea, reached lower - paying agreements. The EU accepted a 15% fee.

Taiwan was hit with 20% pay, but its president said it is temporary and negotiations with the US continue.

Canada increased the rate from 25% to 35% due to “non-co-operation” in drug prevention, according to Trump. But most Canadian exports are exempt from tariffs due to U deal SMCA.

The tariffs for Mexico have been suspended for 90 days as negotiations continue. /Periscope