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News for India > Economics > Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
Economics

Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

Last updated: August 1, 2025 5:25 am
5 days ago
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U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025.

Kent Nishimura | Reuters

U.S. President Donald Trump signed an executive order Thursday that confirmed “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%.

All goods that are considered to have been transshipped to avoid applicable duties will be subject to an additional 40% tariff, according to the White House.

Countries that are not listed in the latest order will face an additional duty of 10%, the statement said.

The modified rates will be effective with respect to goods “entered for consumption on or after 12:01 a.m. eastern daylight time 7 days after the date of the order,” with some exceptions.

This is breaking news. Please refresh for updates.



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