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Evening Standard
Evening Standard
Business
Henry Saker-Clark,Rachael Davies and Nuray Bulbul

Trump's US tariffs explained: what they are, how they work and who they affect

US President Donald Trump has announced new tariffs - (PA Wire)

Shortly after pushing back the deadline for a tariff agreement with Mexico by another 90 days, US President Donald Trump has signed an executive order imposing reciprocal tariffs ranging from 10 per cent to 41 per cent on goods from dozens of nations and international sites.

The majority of the countries with whom the United States has a trade surplus will continue to be subject to a 10 per cent tariff. The 15 per cent floor applies to about 40 countries with which the US has a trade deficit.

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