Context
US President Donald Trump declared April 2 as “Liberation Day” and announced sweeping tariffs under a new policy of “reciprocal tariffs”—a base tariff of 10% on all imports and country-specific additional tariffs based on what the US perceives as unfair trade practices. This move is driven by the US’s longstanding trade deficit—about USD 1.2 trillion.
Country-wise Tariff Snapshot |
||
Country |
Tariff Imposed |
Share in US Trade Deficit |
Cambodia |
39% |
1% |
Bangladesh |
37% |
<0.5% |
China |
34% |
25% |
EU |
20% |
20% |
India |
26% |
Moderate |
UK, Brazil |
10–20% |
US enjoys trade surplus |
About
|
More Articles
Verifying, please be patient.