‎Trump imposes sweeping new tariffs

‎Trump imposes sweeping new tariffs ‎Trump imposes sweeping new tariffs

​‎

US President Donald Trump

US President Donald Trump signed an executive order imposing reciprocal tariffs on countries worldwide, with a minimum rate of 10%. He dubbed the action as a historic event and “Liberation Day” for his country.

Advertisement

Here are the main countries targeted by the tariffs:

Country

Total tariff rate imposed on US (%)

Tariffs to be imposed by US (%)

China

67

34

Japan

46

24

European Union

39

20

Vietnam

90

46

Taiwan

64

32

India

52

26

South Korea

50

25

Thailand

72

36

Switzerland

61

31

Cambodia

97

49

UK

10

10

According to the US President and a post from the White House, the total rate refers to all the tariffs imposed by countries, along with non-tariff barriers and “other forms of cheating.” The new US tariffs are nearly half of this rate.

Key Arab countries targeted by Trump’s decision

Country

Total tariff rate imposed on US

Tariffs to be imposed by US (%)

Saudi Arabia

10

10

UAE

10

10

Oman

10

10

Bahrain

10

10

Qatar

10

10

Kuwait

10

10

Jordan

40

20

Egypt

10

10

Tunisia

55

28

Morocco

10

10

Algeria

59

30

Libya

61

31

Iraq

78

39

Syria

81

41

 

US President Donald Trump

US President Donald Trump signed an executive order imposing reciprocal tariffs on countries worldwide, with a minimum rate of 10%. He dubbed the action as a historic event and “Liberation Day” for his country.

Here are the main countries targeted by the tariffs:

Country

Total tariff rate imposed on US (%)

Tariffs to be imposed by US (%)

China

67

34

Japan

46

24

European Union

39

20

Vietnam

90

46

Taiwan

64

32

India

52

26

South Korea

50

25

Thailand

72

36

Switzerland

61

31

Cambodia

97

49

UK

10

10

According to the US President and a post from the White House, the total rate refers to all the tariffs imposed by countries, along with non-tariff barriers and “other forms of cheating.” The new US tariffs are nearly half of this rate.

Key Arab countries targeted by Trump’s decision

Country

Total tariff rate imposed on US

Tariffs to be imposed by US (%)

Saudi Arabia

10

10

UAE

10

10

Oman

10

10

Bahrain

10

10

Qatar

10

10

Kuwait

10

10

Jordan

40

20

Egypt

10

10

Tunisia

55

28

Morocco

10

10

Algeria

59

30

Libya

61

31

Iraq

78

39

Syria

81

41

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement