Trump’s tariffs on China, EU and more, at a glance

Trump Unveils Sweeping Tariffs to Boost U.S. Economy

In a bold move to reshape global trade, U.S. President Donald Trump announced a sweeping set of tariffs on Wednesday, asserting that the new measures will strengthen the American economy and safeguard jobs.

These fresh import taxes, enacted via executive order, are set to send shockwaves across international markets. However, Trump remains firm in his belief that they are crucial to correcting trade imbalances and reviving domestic manufacturing.

A 10% Baseline Tariff for Most Imports

Ahead of Trump’s official announcement, a senior White House official revealed that the president would introduce a universal 10% baseline tariff on all imports to the U.S., taking effect on April 5.

While foreign companies exporting goods to the U.S. will bear the direct cost, these tariffs could trickle down to consumers in the form of higher prices.

Several nations will only be subjected to this base rate, including:

• United Kingdom

• Singapore

• Brazil

• Australia

• New Zealand

• Turkey

• Colombia

• Argentina

• El Salvador

• United Arab Emirates

• Saudi Arabia

Steeper Tariffs for ‘Worst Offenders’

In a tougher stance against nations deemed to be engaging in unfair trade practices, the White House has identified approximately 60 key offenders that will face customized tariffs starting April 9.

These countries have either imposed high tariffs on U.S. goods, established restrictive trade barriers, or engaged in policies that the administration views as harmful to American economic interests.

The nations facing the highest tariff hikes include:

• European Union – 20%

• China – 54% (including previous tariffs)

• Vietnam – 46%

• Thailand – 36%

• Japan – 24%

• Cambodia – 49%

• South Africa – 30%

• Taiwan – 32%

Exemptions for Canada & Mexico

Notably, Canada and Mexico will not be subjected to the new 10% baseline tariff. The White House clarified that existing tariff frameworks, previously set at 25%, will continue to govern trade with these neighboring countries due to past executive orders addressing border security and fentanyl-related concerns.

While the move is expected to trigger strong reactions from global leaders and trade partners, the Trump administration insists it is a necessary step to restore economic fairness and protect American industries.