Trump’s reciprocal tariffs aim to address what the Trump administration views as persistent and unfair trade imbalances, targeting specifically the ‘Dirty 15,’ a group of nations including China, Canada, Mexico, Japan, Germany, and India, among others. Countries such as Canada and Mexico have already voiced their readiness to counteract, while India, Japan, and China seek diplomatic routes to soften the blow and protect their economic interests.
Trump Tariffs Announcements Live Updates: Trump announces sweeping reciprocal tariffs
Donald Trump Tariffs Announcement Live Updates: Trump presented a chart illustrating the new reciprocal tariffs the United States will impose on various countries. He explained that since China charges the US a 67 per cent tariff, the US will respond with a 34 per cent tariff on Chinese goods. The chart also detailed tariffs for other nations, including 20 per cent for the European Union, 46 per cent for Vietnam, 32 per cent for Taiwan, 24 per cent for Japan, 26 per cent for India, 25 per cent for South Korea, and 36 per cent for Thailand.
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