TMTPOST -- U.S.   President Donald Trump on Thursday signed an executive   order   to modify   reciprocal tariffs on dozens of countries,   with   the tariff rates   ranging from 10% to 41%.  

Credit：Xinhua News Agency

Most of the updated duties the countries   are   subject to were   brought   down   compared with the   original   ones   Trump announced on April   2,   a date the president   proclaimed   "Liberation Day"..   while   Trump in a   social media post on   Wednesday stressed the August 1   deadline   for   tariffs "stands strong"   and will not   be   extended,   his tariff   modifications   would come into effect on   7 days after   the date   of the executive order, namely, August   7.    

A   White House   official told CNBC-TV   18   in   a statement that   the latest effective date   "should   not be read as an extension, but to give [ the U.S. ]   Customs and Boarder   Protection   ample time to   implement   these   [ tariffs ] ."   

Through the modification, Trump maintained   a baseline minimum rate of 10%   across   all trading   partners, according to the order   released by the White House   on Thursday.   Syria has   the highest rate at 41%.   Laos and Myanmar were   hit   with 40%   tariffs. Switzerland is another loser as Trump lifted the 31% reciprocal tariff rate from 31% to 39%.   Falkland Islands became a trading partner with the lowest tariff rate of 10% among the announced list. The country in the South Atlantic Ocean originally faced a 41% tariff.

15%   emerged as   a   most popular   tariff   rate   since the Trump administration   set   a 15%   tariff   rate for the European Union   and 27   countries   including Angola,   Botswana,   Cameroon,   Chad,   C ô te d`Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Fiji, Guyana, Israel,   Japan, Jordan, Lesotho, Liechtenstein,   Madagascar, Malawi,   Mauritius, Mozambique, Namibia,   Nauru, Nigeria,   North   Macedonia, South Korea,   Uganda, Vanuatu, Zambia, Zimbabwe.

More than a dozen countries would   pay tariffs   higher than   15%. Those   countries have   among   the highest   trade deficits with the   U.S.,   CNN   cited an official.   Six countries   including Cambodia, Indonesia, Malaysia, Pakistan, Philippines and Thailand will   face a 19%   tariff. Bangladesh, Sri   Lanka, Taiwan   and Vietnam will   see   a 20%   U.S. tariff   from August. U.S. imports   from Brunei, India, Kazakhstan, Moldova and Tunisia are subject   to a 25%   tariff. Bosnia and Herzegovina   and Libya   are facing   a 30%   tariff, and the tariffs rate for   Iraq and   Serbia   is 35%.   

The order also establishes a 40%   additional penalty on transshipment   to evade applicable duties.   That duty would apply to   any imports   found   to be shipped   from   a high-tariff country to a   low tariff   country and   then re-shipped to the U.S.   The 40%   duties   will   come on top   of existing   penalties and   fines for goods that Customs and Border Protection agents deem to be transshipped,   CNN   learned from   a senior   U.S.   official.

Australia, a   country that   was not mentioned in   Trump ’ s order, seemed dodging   any tariff increase   since the order   sated   any countries   not on the new list would remain a 10% tariff.The White   House The Australian embassy in Washington DC was confirmed that the 10% tariff rate would remain in place, according to the Guardian.   "The White House has confirmed that no country has reciprocal tariffs lower than Australia," a spokesperson for Australia ’ s minister for trade, Don Farrell, said.   

Trump in an interview with   NBC News   that   it   was   "too late"   for other countries to avoid tariffs set to kick in   next   week, but   his door will always be   open   to compelling offers.   "It doesn ’ t mean that somebody doesn ’ t come along in four weeks and say we can make some kind of a deal,"   said   the president.