Trump Imposes New Tariffs on 68 Countries, EU Amid Trade Deals

President Donald Trump has signed an executive order setting new tariffs on a wide range of US trading partners, effective August 7, as part of his broader trade agenda aimed at addressing trade imbalances and strengthening American economic interests. The tariffs, which apply to 68 countries and the 27-member European Union, include rates ranging from 10% to as high as 50%, with some countries like Taiwan set at 20% and Switzerland at 39%. Trump described the agreements as "excellent deals for the country" and highlighted that the US is already collecting substantial tariff revenue, expecting much more in the near future. While some countries, including Canada and Mexico, received extensions or temporary relief to negotiate further, others faced immediate tariff impositions, with the administration prioritizing national interests and economic fairness. Discussions with trading partners have been active and ongoing, with Trump emphasizing that his door remains open for future deals despite the new tariffs. Meanwhile, Bangladesh's commerce adviser dismissed rumors of any secret bilateral deals with the US tied to tariff reductions, reaffirming that any discussions prioritize national interests without concessions such as aircraft purchases.