Trump's order includes sweeping tariffs on many goods for 68 countries and the EU.
Many countries that have already entered into agreements with the US will retain already expected tariff rates, while others have received significant increases compared to what Trump announced on April 2.
Switzerland is now facing a higher tariff rate of 39 percent, while Thailand has received a lower one of 19 percent. Norway will receive a relatively modest tariff rate of 15 percent, like the one the EU and thus Sweden have.
Taiwan is notified of a tariff rate of 20 percent - higher than neighboring countries Japan and South Korea, which have received 15 percent. South Korea is a significant competitor in the production of semiconductors and microchips, but Trump has previously threatened that specific tariffs on these, even for the US, important goods, may become relevant.
Time for negotiation
Other countries affected by the late announcement are South Africa - 30 percent - and Syria, whose 41 percent tariff is the highest on the White House list. For countries that have not received a message, a tariff rate of at least 10 percent is expected, according to the White House.
There is still time for new negotiations with the US. The tariff rates will come into effect on August 7, with some exceptions, as the US Customs and Border Protection will be given the opportunity to prepare and adjust. This is a deadline that Taiwan will now try to take advantage of.
"The government will continue to strive for a reasonable tariff rate and complete the final steps in the tariff negotiations," says President Lai Ching-Te in a statement.
Punishes Canada
Canada, one of the US's largest trading partners, is simultaneously being punished in a separate presidential order with a higher tariff rate of 35 percent, up from 25 percent. However, exceptions are made for a significant amount of goods covered by a trade agreement between the US, Mexico, and Canada.
The tariff rate against Canadian goods comes into effect today, August 1, and is motivated by Trump's claims that the country has not done enough to stop the deadly drug fentanyl. The fact that Canada has responded to Trump with its own tariffs against the US is also a contributing factor, according to the presidential order.
On Thursday, Trump announced that the 30 percent tariffs on Mexican goods will be postponed for three months, to enable continued negotiations.
China is not included in the presidential order. Negotiations between the countries are ongoing with a current deadline set for August 12. As long as talks are ongoing, the US has set a tariff rate of 30 percent on many Chinese goods.
