20 hours ago
US President Donald Trump on Wednesday (local time) unveiled global 'discounted' reciprocal tariffs, triggering broader trade wars and threatening to upend the global economy. The tariffs, which Trump called "kind reciprocal", also target India, which the US President has called the country the 'king of tariffs' in the past and has now charged India 26 per cent of its imports.
Asserting that he had put "America first" with the reciprocal tariffs, Trump declared a 10 per cent baseline tax on imports from all countries. The tariffs are designed to mirror but not fully match the rates charged by other countries.
Calling the move a "Liberation Day", Trump said the levies would make the US a strong economy. Here is a list of major countries that will now pay the reciprocal tariffs:
1. China: 34 per cent
2. European Union: 20 per cent
3. South Korea: 25 per cent
4. India: 26 per cent
5. Vietnam: 46 per cent
6. Taiwan: 32 per cent
7. Japan: 24 per cent
8. Thailand: 36 per cent
9. Switzerland: 31 per cent
10. Indonesia: 32 per cent
11. Malaysia: 24 per cent
12. Cambodia: 49 per cent
13. United Kingdom: 10 per cent
14. South Africa: 30 per cent
15. Brazil: 10 per cent
16. Bangladesh: 37 per cent
17. Singapore: 10 per cent
18. Israel: 17 per cent
19. Philippines: 17 per cent
20. Chile: 10 per cent
21. Australia: 10 per cent
22. Pakistan: 29 per cent
23. Turkey: 10 per cent
24. Sri Lanka: 44 per cent
25. Colombia: 10 per cent
The White House has released a full list of the countries showing the tariffs that countries levy on US products, and the reciprocal levies these countries will now have to pay.
Published By:
Prateek Chakraborty
Published On:
Apr 3, 2025
Tune In
