On 2 April US President Donald Trump announced a sweeping set of tariffs, arguing that they would allow the United States to economically flourish.
These new import taxes, which Trump imposed via executive order, have sent shockwaves through global markets as they kicked in this week.
But the US president believes they are necessary to address trading imbalances and to protect American jobs and manufacturing.
10% baseline tariff
A baseline tariff of 10% on almost all foreign imports to the US kicked in on 5 April.
United Kingdom | Singapore | Brazil | Australia |
New Zealand | Turkey | Colombia | Argentina |
El Salvador | UAE | Saudi Arabia |
European Union | 20% | Cambodia | 49% |
Vietnam | 46% | South Africa | 30% |
Japan | 24% | Taiwan | 32% |
Thailand | 36% |
China is facing the heaviest tariffs, after a 104% levy on Chinese goods imported into the US came into effect on 9 April.
China, in turn, has said it will hike its tariff on US goods from 34% to 84%, starting on 10 April.
Separately, Trump has ordered that low-value goods entering the US from Hong Kong and mainland China will be subject to import duties from 1 May onwards.
On 2 April US President Donald Trump announced a sweeping set of tariffs, arguing that they would allow the United States to economically flourish.
These new import taxes, which Trump imposed via executive order, have sent shockwaves through global markets as they kicked in this week.
But the US president believes they are necessary to address trading imbalances and to protect American jobs and manufacturing.
10% baseline tariff
A baseline tariff of 10% on almost all foreign imports to the US kicked in on 5 April.
United Kingdom | Singapore | Brazil | Australia |
New Zealand | Turkey | Colombia | Argentina |
El Salvador | UAE | Saudi Arabia |
European Union | 20% | Cambodia | 49% |
Vietnam | 46% | South Africa | 30% |
Japan | 24% | Taiwan | 32% |
Thailand | 36% |
China is facing the heaviest tariffs, after a 104% levy on Chinese goods imported into the US came into effect on 9 April.
China, in turn, has said it will hike its tariff on US goods from 34% to 84%, starting on 10 April.
Separately, Trump has ordered that low-value goods entering the US from Hong Kong and mainland China will be subject to import duties from 1 May onwards.