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πŸ’‰ Trump Announces New U.S. Tariffs on Imports from Europe and Other Countries

Donald Trump has announced a 20% #tariff on goods imported from the European Union.

Other tariffs include:

China – 34%
Vietnam – 46%
Taiwan – 32%
Japan – 24%
South Korea – 25%
Thailand – 36%
Switzerland – 31%
Indonesia – 32%
Malaysia – 24%
Cambodia – 49%
United Kingdom – 10%
South Africa – 30%

#Trump previously stated that tariffs on the rest of the world would be set at 10%.

- Final list

Via @DDGeopolitics
#TradeWar #US
Trump announces 90-day pause on tariffs for most countries, but raises them for China.

In a dramatic shift, the US president paused his reciprocal #tariffs on most countries, maintaining a 10% #tariff on nearly all global imports while raising the tariff on Chinese goods to 125%. Global markets surged on the development.

Facing a global market meltdown, Trump on Wednesday, April 9, abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the United States and most of the world to one between the #US and #China.


Dramatic sell-off of US government bonds as tariff war panic deepens | Bonds | The Guardian Business

#Trump #USTariffs #TradeWar