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Donald Trump imposed sweeping tariffs on over 180 countries, targeting China, Vietnam, Taiwan, and India with high duties. Allies express shock as global trade faces disruption amid one of the largest US trade shifts.
President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House on Wednesday. (Photo: AP)
New Delhi,UPDATED: Apr 3, 2025 07:18 IST
United States President Donald Trump on Wednesday unveiled a major tariff package imposing duties on more than 180 countries, calling them 'kind' and 'discounted'. Announced in the White House Rose Garden, the move marked one of the most extensive trade actions by the US in decades, reversing years of trade liberalisation.
Trump defended the tariffs as a way to "reclaim our jobs, our industries, and our small and medium-sized businesses," vowing that they would make America "wealthy again" and bring jobs "roaring back".
"For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike," Trump said.
The sweeping duties, which drew bewildered criticism from longtime US allies, many of whom were caught off guard by the unexpectedly high rates, are most likely to erect new trade barriers around the world's largest consumer economy, reshaping global trade dynamics.
Labelling them as "discounted reciprocal tariffs", Trump explained that the US would respond to China's 67 per cent tariff with a 34 per cent duty on Chinese imports.
Displaying a chart, the President detailed the tariff rates for key trade partners: 20 per cent on the European Union, 46 per cent on Vietnam, 32 per cent on Taiwan, 24 per cent on Japan, 26 per cent on India, 25 per cent on South Korea, and 36 per cent on Thailand, among others.
LIST OF COUNTRIES HARDEST HIT
China: 34%European Union: 20%Vietnam: 46%Taiwan: 32%Japan: 24%India: 26%South Korea: 25%Thailand: 36%Switzerland: 31%Indonesia: 32%Malaysia: 24%Cambodia: 49%United Kingdom: 10%South Africa: 30%Brazil: 10%Bangladesh: 37%Singapore: 10%Israel: 17%Philippines: 17%Chile: 10%Australia: 10%Pakistan: 29%Turkey: 10%Sri Lanka: 44%Colombia: 10%Peru: 10%Nicaragua: 18%Norway: 15%Costa Rica: 10%Jordan: 20%Dominican Republic: 10%United Arab Emirates: 10%New Zealand: 10%Argentina: 10%Ecuador: 10%Guatemala: 10%Honduras: 10%Madagascar: 47%Myanmar (Burma): 44%Tunisia: 28%Kazakhstan: 27%Serbia: 37%Egypt: 10%Saudi Arabia: 10%El Salvador: 10%Cte d’Ivoire: 21%Laos: 48%Botswana: 37%Trinidad and Tobago: 10%Morocco: 10%Published By:
Sahil Sinha
Published On:
Apr 3, 2025
