The United States is adjusting its tariff policies through a new Executive Order issued by President Trump. This order modifies existing tariffs, targeting countries with significant trade imbalances with the U.S. The new measures, enacted under the framework of existing laws, will result in increased duties for certain nations, with varying impacts across the globe. Brazil, Syria, Iraq, Laos, Myanmar and Switzerland are amongst the countries seeing the biggest changes. Additionally, the order outlines penalties for transshipment activities and a conditional structure impacting the European Union. Key government departments and officials will be responsible for the implementation and monitoring of these changes.
