
Canada will be its own best customer, says Carney, after Trump imposes new tariffs on dozens of countries
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Canada will be its own best customer, says Carney, after Trump imposes new tariffs on dozens of countries – US politics live
Cambodia’s prime minister has praised the new tariff rate. Donald Trump had originally threatened a 49% tariff on Cambodia as part of his “Liberation Day” measures. The rates range from 41% for Syria to 10% for the UK. The full list of Trump’s tariffs – from India to Taiwan – can be found in the table via the link below. Read more here.
41m ago 12.56 BST Cambodia’s prime minister has praised the new tariff rate and said it is good news for the nation’s economic development. Prime minister Hun Manet said in a statement posted to Facebook late on Thursday night that “this is the best news for the people and economy of Cambodia to continue to develop the country.” “The United States has decided to reduce the tax on goods imported from Cambodia to the United States by 19% (down 30% compared to the initial tax rate of 49%),” Manet wrote in a translation of the post. This comes after Donald Trump had originally threatened a 49% tariff on Cambodia as part of his “Liberation Day” measures, but cut it to 36% last month. Share
1h ago 12.35 BST India is engaged with further trade talks with the US, a source said on Friday. This comes after Donald Trump signed an order imposing a 25% tariff on New Delhi’s export. “We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward,” India’s foreign ministry said in a statement on Friday. Previously, trade talks between Washington and New Delhi have been bogged down by issues including access to India’s highly protected agriculture and dairy sector. Trump set steep import duties on dozens of trading partners, including a 35% tariff on many goods from Canada, 50% for Brazil, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. Share