As the deadline for the "reciprocal tariff" on August 1st approached, US President Trump signed an executive order on Thursday local time, specifying the tariff rates to be imposed on multiple countries and implementing a differentiated tariff policy for global trading partners. The "reciprocal tariff" rates imposed on various countries and regions ranged from 10% to 41%. The US tariff rate on Canada was increased from 25% to 35%.
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