Trump signs executive order imposing 10-12.5% tariffs on 60 nations

The new levies replace the universal tariff framework curtailed by the Supreme Court, targeting major economies including the EU, UK, China, and India.

By Handelsavisen Newsroom · Automated 2026-07-23 22:11 UTC · 1 min read

U.S. President Donald Trump is set to sign an executive order on Thursday imposing tariffs ranging from 10% to 12.5% on imports from 60 countries.

The measure targets major global economies, including the European Union, the United Kingdom, China, India, and Spain, marking a significant recalibration of American trade policy following judicial intervention.

5% upper bound represents a substantial cost increase for exporters to the United States.

The new framework replaces the universal baseline tariff that was previously approved but subsequently curtailed by the Supreme Court.

By shifting from a blanket levy to a country-specific structure, the administration aims to preserve its trade barriers while navigating legal constraints.

The move signals a continued aggressive stance on protectionism, albeit with a more nuanced geographic application than the initial proposal.

Markets are likely to scrutinize the specific rates applied to key trading partners, as the 12.5% upper bound represents a substantial cost increase for exporters to the United States.