Trump Signs Executive Order: Tariffs to Take Effect on August 7, Serbia Included

President of the United States Donald Trump has signed an executive order officially announcing new tariff rates on imports from dozens of countries, which will take effect in seven days.

01.08.2025. 08:36

Trump Signs Executive Order: Tariffs to Take Effect on August 7, Serbia Included

The order was issued on Thursday, Newsmax reported.

The new tariffs range from 10% to 41%. According to previous announcements, the tariff rate for Serbia will be 35%.

Rates were set for 68 countries and 27 European Union member states, with a base rate of 10% to be applied to countries not listed in the order.

A senior administration official stated that the rates are based on trade imbalances with the U.S. and regional economic profiles.

The tariffs will be implemented on August 7 to give Customs and Border Protection sufficient time to make the necessary adjustments for enforcement.

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