US President Donald Trump hasenacted a sweeping set of tariffs on dozens of trading partners—includingIraq—just ahead of a self-imposed Friday deadline, as part of a broader tradeagenda aimed at revising the rules of international commerce.
Many other countries fall within the15% to 25% range. Nations not listed in the annex — including Brazil and Canada— are subject to a default 10% tariff. For the European Union, duties areadjusted based on existing tariff levels, with a minimum total rate of 15%applied to goods currently taxed below that threshold.
The order stated that the measure isintended to address trade imbalances, strengthen US manufacturing, and supportnational security goals. It added that some trading partners, “despite havingengaged in negotiations, have offered terms that, in my judgment, do notsufficiently address imbalances in our trading relationship or have failed toalign sufficiently with the United States on economic and national-securitymatters.”
Since returning to office inJanuary, Trump has made trade reform a central priority, aiming to boostdomestic industry and reduce long-standing deficits. The White House arguesthat foreign exporters will bear the cost of the tariffs, which it says willencourage investment in US production. Trade analysts, however, point out thatimporters typically pay the duties and often pass those costs on to consumersthrough higher prices.
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