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Trump Signs Executive Order Imposing Additional 40% Tariff on All Tax-evasion Transshipped Goods
2025-08-01 08:20:59 US President Donald Trump signed an executive order modifying reciprocal tariffs for dozens of countries, with new tariff rates ranging from 10% to 41%, according to foreign media. Meanwhile, all goods deemed to be transshipped to avoid applicable tariffs will be subject to an additional 40% tariff. Pursuant to the executive order, the new tariff rates will apply to consumer goods entering the US on or after 12:01 am eastern daylight time 7 days after the order is issued, with some exceptions. ~ AASTOCKS Financial News Website: www.aastocks.com | |