Trump announces sweeping tariff blitz

Donald Trump launches an assault on the global trade order,
imposing a barrage of tariffs on U.S. imports in a move that compounds fears over the world economy’s health

U.S. IMPORT TARIFFS ANNOUNCED APR 2 (%)
10%
20%
30%
40%

CANADA
MEXICO

“BASELINE” TARIFF
Levy of 10% applied to all U.S. imports from Apr 5

Baseline rate not applied to Canada and Mexico, which had been previously targeted by proposed broad tariffs

U.S.“RECIPROCAL” TARIFFS
Imposed on around 60 countries to go into effect on Apr 9

KEY TRADING PARTNERS

Country
New tariffs
Trade balance

EU
China
Japan
Vietnam
S. Korea
Taiwan
India
Switz.
Thailand
Malaysia

20%
34%
24%
46%
26%
32%
27%
32%
37%
24%
18.5%
13.4%
4.5%
4.2%
4.0%
3.6%
2.7%
1.9%
1.9%
1.6%

Sources: White House, FT, BBC
Picture: Getty Images
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