With a massive chart in hand, U.S. President Donald Trump announced on Wednesday evening – Greece time – the new round of the global trade war. He declared retaliatory tariffs on allies and adversaries alike, imposing import duties of 25% on vehicles not manufactured in the U.S. Describing April 2, 2025, as the Liberation Day for the U.S., he noted that these measures are reciprocal to those imposed by trading partners on American goods. In his speech from the White House, Trump stated, “In a few minutes, I will sign a historic executive order enforcing mutual tariff rates on imports from countries worldwide.” He emphasized that reciprocity means whatever they do to us, we do to them—simple as that. Later, Trump signed the executive order, sending shockwaves through global markets. Escalating his aggressive tariff policy, he announced tariffs of 20% on imports from the European Union, followed by China (34%), India (26%), South Korea (25%), Japan (24%), United Kingdom (10%), Vietnam (46%), Switzerland (31%), Cambodia (49%), South Africa (30%), Indonesia (32%), Brazil (10%), and Singapore (10%). For imports from Taiwan, tariffs will be set at 32%. This list, as released by the White House, has left international markets frozen with analysts bracing for what comes next.
Trump’s Tariffs by Country: The Tables Released by the White House
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in Economy