Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed.
\nTrump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind.<\/p>\n
10% baseline tariff<\/strong><\/p>\n In a background call before Trump's speech, a senior White House official told reporters that the president would impose \"baseline tariffs\" on all countries. That rate is set at 10% and will go into effect on 5 April.<\/p>\n Some countries will only face the base rate. These include: Custom tariffs for 'worst offenders'<\/strong><\/p>\n White House officials also said that they would impose specific reciprocal tariffs on roughly 60 \"worst offenders\", to go into effect on 9 April. The key trading partners subject to these customised tariff rates include: No additional tariffs on Canada and Mexico<\/strong><\/p>\n Canada and Mexico are not mentioned in these new tariff announcements. Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. Trump’s tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The … Continue reading
\nUnited Kingdom<\/em>
\nSingapore<\/em>
\nBrazilia<\/em>
\nAustralia<\/em>
\nNew Zealand<\/em>
\nTurkey<\/em>
\nColumbia<\/em>
\nArgentina<\/em>
\nEl Salvador<\/em>
\nUnited Arab Emirates<\/em>
\nSaudi Arabia<\/em><\/p>\n
\nThese countries charge higher tariffs on US goods, impose \"non-tariff\" barriers to US trade or have otherwise acted in ways the government feels undermine American economic goals.<\/p>\n
\nEuropean Union: 20%
\nChina: 54%<\/em>
\nVietnam: 46%<\/em>
\nThailand: 36%<\/em>
\nJapan: 24%<\/em>
\nCambodia: 49%<\/em>
\nSouth Africa: 30%<\/em>
\nTaiwan: 32%<\/em><\/p>\n
\nThe White House said they would deal with both countries using a framework set out in previous executive orders, which imposed tariffs on Canada and Mexico as part of the administration's efforts to address fentanyl and border issues. He previously set those tariffs at 25%, before announcing some exemptions and delays.<\/p>","protected":false},"excerpt":{"rendered":"