Goa, Aug. 1 -- In a bold move to tilt global trade in favour of American businesses, U.S. President Donald Trump has signed a sweeping executive order that significantly raises tariffs on imports from dozens of trading partners. The new import duties, ranging from 10% to 50%, are set to take effect in seven days, targeting 69 countries.

According to the order, the steepest tariffs include a 50% duty on Brazilian goods, 41% on Syrian imports, 39% on Swiss products, and 35% on various Canadian goods. Indian goods will now face a 25% tariff, while Taiwan will see a 20% duty. In contrast, Pakistan received a reprieve, with tariffs reduced from 29% to 19%.

The executive order also outlines differentiated tariff levels for countries with whic...