Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, July 31 (Xinhua) — U.S. President Donald Trump on Thursday signed an executive order further changing tariff rates with nearly 70 trading partners.
The decree introduces “additional ad valorem duties on goods from certain trading partners.”
According to an appendix to the White House press release, most of the new tariff rates range from 10 percent to 40 percent.
The new tariffs will come into force seven days after the date of the decree, except in cases related to logistics.
As D. Trump noted in the document, some US trading partners, despite participating in the negotiations, proposed conditions that do not sufficiently eliminate the “imbalance” in trade relations or do not meet US demands on “economic and national security issues.”
“Some trading partners have failed to engage with the United States or to take adequate steps to sufficiently align their actions with the United States on economic and national security issues,” the president said.
The order requires the Secretary of Commerce and the Secretary of Homeland Security, along with other senior officials, to publish every six months a list of countries and specific facilities used in tariff evasion schemes to inform government procurement, national security reviews, and commercial due diligence.
In addition, key U.S. government agencies are directed and authorized to take “all necessary actions” to implement this order consistent with applicable law. –0–
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