US President Donald Trump on Wednesday confirmed 25% tariff on all foreign-made automobiles and introduced 34% tariff on Chinese imports, 20% tariff on imports from the EU and 24% and 26% tariffs on Japan and India, respectively.
Sweeping auto tariffs of 25% that Trump announced last week will take effect at 12:01 am (0401 GMT) on Thursday.
Speaking in the White House Rose Garden, Trump said he will implement “reciprocal tariffs” on all countries of “approximately half” of what they charge the US.
Bringing out a chart to show the audience, he said that China “charges” the US a tariff of 67% so the US will charge China a 34% tariff.
The chart also showed that the US will charge the European Union a 20% tariff, Vietnam a 46% tariff, Taiwan 32%, Japan 24%, India 26%, South Korea 25% and Thailand 36%.
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