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[Breaking] Trump Imposes 25% Tariff on India, 20% on Taiwan, 30% on South Africa for Lack of Trade Agreement

[Breaking] Trump Imposes 25% Tariff on India, 20% on Taiwan, 30% on South Africa for Lack of Trade Agreement

On July 31 (local time), U.S. President Donald Trump signed an executive order to adjust reciprocal tariff rates for countries that have not yet reached a trade agreement with the United States. As a result, products from India will be subject to a 25% high tariff, products from Taiwan will face a 20% tariff, and products from South Africa will be subject to a 30% tariff.


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