Trump unveils new sweeping tariff rates up to 41%
PAK YIU
NEW YORK -- The U.S. will begin imposing punishing tariffs of up to 41% on trading partners on Friday, according to the White House.
Trump signed an executive order on Thursday raising "reciprocal" tariff rates from the 10% baseline on all countries' exports. Several Asian partners that saw their rates change -- to 40% for Laos, 25% for India, and 20% for Taiwan, Bangladesh and Vietnam. Malaysia, Cambodia and Thailand, as well as Pakistan, are all listed at 19%.
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