President Donald Trump published an executive decree on Thursday, slapping prices on many American trade partners, but the new functions should come into force in seven days – not Friday as planned.
The executive decree establishes rates to be applied in nearly 70 countries, ranging from 10% to 41% in what a Trump administration manager praised as the start of a “new trade system”.
The order was unveiled a few hours before a deadline of August 1 that Trump had established so that the countries concluded trade agreements with the United States, but the prices did not take effect immediately. Instead, they should be deployed next week. In addition, there is a prolonged deployment for goods shipped to the country by ship. As long as they are dispatched before August 7 and enter the United States by October 5, they will not be subject to new prices.
The countries facing the highest rates of the decree are Laos and Myanmar at 40% and Syria at 41%. However, the president had previously announced a price of 40% on Brazil, which, when added above the reference rate of 10% in the new order, means a rate of 50% on imports of the country in the United States
Trump had previously announced some of the prices, such as a 35% rate in Canada, unveiled in a separate decree and a 25% rate on India.
Countries not listed in the decree will face a price of 10%.
The White House said the prices had been largely determined on the basis of the United States trade deficit with these business partners.
The new rate rates resemble samples that have been placed on more than 90 countries on April 2, although there are differences.
Trump deployed these so-called reciprocal rates in April, then delayed them, promising to conclude around 90 trade agreements in 90 days. In early July, Trump again delayed the prices, setting a deadline of August 1.
The new decree seems to add 15% of prices to the goods of several countries which are not initially included in the decree of the president’s “liberation day” on April 2 – notably Bolivia, Ecuador, Ghana and Iceland.
Other prices have been reduced, partly through commercial transactions that the White House previously announced.
The price on Vietnam is set at 20%, compared to 46%. The rate for Japan is set at 15%, down compared to 24%.
The administration has concluded other agreements with the main American trade partners.
After the prices of the “Liberation Day” were revealed and then delayed, Trump sent letters to managers of around two dozen countries describing the rate levels that would take effect if no agreement was concluded.
The Trump administration ran to conclude trade agreements during the days preceding the deadline in order to win concessions from targeted countries in exchange for reduced rate rates.
President Donald Trump holds a painting while speaking during a “Make America Riche” commercial event in Rose Garden in the White House, April 2, 2025.
SOMODEVILLA / GETTY Images chip
Before Thursday’s decree, Trump negotiated agreements with the United Kingdom, Indonesia, Vietnam, the Philippines, Japan, the European Union and South Korea. The White House has also reached a preliminary agreement with China which lowered the prices of the Tat-Tat-Tat previously imposed by the two largest world economies.
Trump on Wednesday announced a delay of 90 days of reciprocal prices targeting Mexico, which would otherwise have faced 30% of samples. Instead, Mexico faces a price of 25% for most goods as well as sectoral prices targeting cars, aluminum and steel. These levies exclude products in accordance with the agreement of the United States-Mexico-Canada, or USMCA, a free trade agreement.
The prices put forward so far by Trump should cost an average household of $ 2,400 this year, the Yale Budget Lab discovered on Wednesday.
Importers generally transmit a share of the tax burden linked to consumers’ prices in the form of price increases.
The Trump administration has praised prices as part of a wider set of “American economic policies”, which “launched billions of dollars of new investments in American manufacturing, technology and infrastructure”, according to the White House website.
Addressing journalists on Thursday, an official of the Trump administration praised the new prices as part of a “new trade system” which aims to prioritize the “balanced and balanced trade” on efficiency at all costs.
For his part, the president insisted on the fact that the samples underway and out of sight are a key element of his negotiation strategy.
“The president and his sales team want to conclude the best offers for the American people and the American worker,” said the White House press secretary Karoline Leavitt last month when she announced the deadline of August 1.
Jack Moore of ABC News contributed to this report.
