Trump unveils new sweeping tariff rates up to 41%

Duties raised to 20% for Taiwan, 25% for India; transshipment levy set at 40%

20250731N Trump April 2 Reuters

U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2. © Reuters

PAK YIU

NEW YORK -- The U.S. will begin imposing punishing tariffs of up to 41% on trading partners, the White House said on Thursday.

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