Taking a big decision, US President Donald Trump has signed the order to implement the tariff on many countries. Trump issued a tariff order from 10 to 41 percent. He says that this step will give economic security to America and will also remove the imbalance in business for years. The White House has released a fact sheet, which mentions the tariff rate of many countries.

According to the news of ‘Hindustan Times’ The new tariff rate includes 25% on exports from India, 20% on goods coming from Taiwan and 30% on goods coming from South Africa. Pakistan has 19 percent tariffs and 15 percent on Japan. Similarly, Israel has 15 percent tariffs and 35 percent on Iraq. Trump has imposed 30 percent tariffs on South Africa, 15 percent on South Korea and 20 percent on Sri Lanka.

From when will the new tariff rate be implemented

The fact sheet released by the White House states that the new tariff rate is to be implemented from August 1, but it will come into effect a week after the order. Trump has made a different system about Canada. According to the news of Reuters, Canada has a 35 percent tariff. This was 25 percent earlier. The US has alleged that Canada has failed to prevent illegal drug crisis.

What will be the effect of new tariff

Trump’s new tariff rate can also put a burden on American companies. He says that this rate will affect foreign exporters, but it is also being claimed that most of its loads will be on US companies. This can increase inflation in America.

How much tariff was placed on which country

• Afghanistan -15%
• Algeria – 30%
• Angola -15%
• Bangladesh – 20%
• Bolivia – 15%
• Bosnia and Herzegovina -30%
• Botswana – 15%
• Brazil – 10%
• Brunei – 25%
• Cambodia -19%
• Cameron – 15%
• Ecuador 15%
• Equatorial guinea 15%
• Ghana – 15%
• Guyana 15%
• Iceland 15%
• India 25%
• Indonesia 19%
• Iraq 35%
• Israel 15%
• Japan 15%
• Jordan 15%
• Kazakhstan – 25%
• Laos 40%
• Lesotho 15%
• Libya 30%
• Liechtenstein – 15%
• Madagascar – 15%
• Malawi 15%
• Malaysia 19%
• Myanmar 40%
• Namibia 15%
• Nauru 15%
• New Zealand 15%
• Nicaragua 18%
• Nigeria 15%
• Pakistan 19%
• South Africa – 30%
• South Korea – 15%
• Sri Lanka – 20%
• Switzerland – 39%
• Syria 41%
• Taiwan 20%
• Thailand 19%
• Turkas 15%
• Vietnam – 20%
• Zimbabwe – 15%