India, Aug. 1 -- President Donald Trump has signed an Executive Order modifying the reciprocal tariff rates for several countries to address the exploding annual U.S. goods trade deficits.
Under a new trade policy that the White House announced on Thursday, the reciprocal tariff rates will be modified on August 7.
The order lists tariffs on goods from more than 90 countries.
A 10 percent tariff will apply to Falkland Islands, United Kingdom and all other countries not listed in Annex I of the executive order.
U.S. will impose 15 percent tariff on 39 countries, including Israel, Japan, New Zealand, and South Korea.
U.S. slapped a higher tariff of 25 percent on India, 30 percent on South Africa, 35 percent on Iraq and Serbia, 39 percent ...