Taiwan vowed on Friday to seek a lower tariff after Donald Trump imposed a "temporary" 20% levy on its shipments to the US.

The countries hit hardest by these new tariffs are Syria at 41%, Myanmar at 40%, and Laos also at 40%. Goods that have been transhipped (in this case, that means moved from a high tariff country to a low tariff one, to avoid extra charges) are subject to a blanket tariff of 40%.

U.S. trade partners reacted Friday to President Donald Trump's executive order now set to introduce new tariffs on many of them starting Aug. 7 — as the global economy faces another test from the president's chaotic trade agenda.