President Trump’s new tariffs hit Asian exporters the hardest. With a 90-day pause in place, countries like Vietnam and Cambodia seek trade solutions amid rising U.S. trade deficits.
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Chart: Who’s Hit by Trump’s ‘Discounted Reciprocal’ Tariffs?
On Wednesday, April 2, or as President Trump calls it “Liberation Day”, America announced reciprocal tariffs by increasing US duties to match the tax rates charged by other countries on American imports. Here’s a list of countries facing reciprocal tariffs.
The world braces for Trump’s reciprocal tariffs on April 2 – “What they charge us, we charge them”
On April 2, dubbed “Liberation Day” by President Trump, the U.S. will impose new “reciprocal” tariffs on imports, escalating trade tensions with key partners.
While countries like China, Mexico, and Canada are already expected to be hit hardest, many European and Asian economies will likely see a huge impact, prompting global warnings of retaliation, trade wars and a global economic slowdown.
Here’s how the American economy will be impacted by Trump’s tariffs on Mexico, Canada and China—in 3 charts
Trump’s second presidency has come with a series of executive actions—most with the focus to make the country more self-reliant, reducing dependence on foreign economies. I delve into the data to uncover how these tariffs might impact the U.S.