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President Donald Trump announced on Wednesday a new reciprocal tariff scheme that will affect more than 180 countries and territories, including members of the European Union. The White House released a series of charts on social media detailing the rates these countries impose on the United States, as well as the new tariffs they will face under Trump's trade policy.
According to the Trump administration, the new U.S. tariffs will represent approximately half of what these countries have "charged" the U.S. in tariffs, trade barriers, and currency manipulation. However, these new tariffs will not be the only duties imposed on the affected nations.
The U.S. government informed CNBC that the new reciprocal tariff on China will be added to existing tariffs, bringing the total rate to 54%. In general, the new tariffs range between 10% and 50%, depending on the country.
A "Kindly Reciprocal" Approach
During his announcement at the White House, Trump stated: "We will charge them approximately half of what they have charged us. It will not be full reciprocity, but a kind of reciprocity."
The president also highlighted that many friendly nations have imposed higher tariffs on the U.S. than some traditional adversaries. "In many cases, the friend is worse than the enemy in terms of trade," he asserted.
According to the charts presented by Trump, the new minimum tariff set by the U.S. will be 10%, but some nations will face significantly higher rates. The following is the full list of imposed tariffs:
- 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%
- Ivory Coast: 21%
- Laos: 48%
- Botswana: 37%
- Trinidad and Tobago: 10%
- Morocco: 10%
- Algeria: 30%
- Oman: 10%
- Uruguay: 10%
- Bahamas: 10%
- Lesotho: 50%
- Ukraine: 10%
- Bahrain: 10%
- Qatar: 10%
- Mauritius: 40%
- Fiji: 32%
- Iceland: 10%
- Kenya: 10%
- Liechtenstein: 37%
- Guyana: 38%
- Haiti: 10%
- Bosnia and Herzegovina: 35%
- Nigeria: 14%
- Namibia: 21%
- Brunei: 24%
- Bolivia: 10%
- Panama: 10%
- Venezuela: 15%
- North Macedonia: 33%
- Ethiopia: 10%
- Ghana: 10%
The announcement has generated mixed reactions among U.S. trade partners. While some see the measure as leveling the playing field for American exporters, others fear trade retaliation that could trigger an escalation of global trade conflicts.