President Trump of the United States has signed an executive order that imposes an extra 40% tariff on products deemed to be 'transshipped' through third countries. Additionally, the global tariff rates, which vary from 10% to 41%, were finalized on July 31st and will take effect from August 1st. Notably, the tariff rate for Canada has been increased to 35%, while Syria faces the highest rate at 41%. On the other hand, Brazil and the United Kingdom have been assigned the lowest rate at 10%. However, the specifics surrounding the implementation of these tariffs remain unclear.