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Trump tariffs list: The US global tariffs plan at a glance Trump tariffs list: The US global tariffs plan at a glance
(about 4 hours later)
Watch: Three things to know about Trump's tariffs announcementWatch: Three things to know about Trump's tariffs announcement
Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind. These new import taxes, which Trump imposed via executive order, are expected to send economic shockwaves around the world.
But the US president believes they are necessary to address trading imbalances and to protect American jobs and manufacturing.
Here are the basic elements of the plan.Here are the basic elements of the plan.
LIVE: Updates and analysis as Trump announces global tariffs plan Live updates: Reaction to Trump's tariffs announcement
10% baseline tariff10% baseline tariff
In a background call before Trump's speech, a senior White House official told reporters that the president would impose "baseline tariffs" on all countries. In a background call before Trump's speech, a senior White House official told reporters that the president would impose a "baseline" tariff on all imports to the US.
That rate is set at 10% and will go into effect on 5 April.That rate is set at 10% and will go into effect on 5 April.
It is the companies that bring the foreign goods into the US that have to pay the tax to the government, although this could have knock-on effects to consumers.
Some countries will only face the base rate. These include:Some countries will only face the base rate. These include:
United KingdomUnited Kingdom
SingaporeSingapore
BrazilBrazil
AustraliaAustralia
New ZealandNew Zealand
TurkeyTurkey
ColombiaColombia
ArgentinaArgentina
El SalvadorEl Salvador
United Arab EmiratesUnited Arab Emirates
Saudi ArabiaSaudi Arabia
Custom tariffs for 'worst offenders'Custom tariffs for 'worst offenders'
White House officials also said that they would impose specific reciprocal tariffs on roughly 60 "worst offenders", to go into effect on 9 April. White House officials also said that they would impose what they describe as specific reciprocal tariffs on roughly 60 of the "worst offenders".
These countries charge higher tariffs on US goods, impose "non-tariff" barriers to US trade or have otherwise acted in ways the government feels undermine American economic goals. These will go into effect on 9 April.
Trump's officials say these countries charge higher tariffs on US goods, impose "non-tariff" barriers to US trade or have otherwise acted in ways they feel undermine American economic goals.
The key trading partners subject to these customised tariff rates include:The key trading partners subject to these customised tariff rates include:
European Union: 20%European Union: 20%
China: 54%China: 54%
Vietnam: 46%Vietnam: 46%
Thailand: 36%Thailand: 36%
Japan: 24%Japan: 24%
Cambodia: 49%Cambodia: 49%
South Africa: 30%South Africa: 30%
Taiwan: 32%Taiwan: 32%
No additional tariffs on Canada and MexicoNo additional tariffs on Canada and Mexico
Canada and Mexico are not mentioned in these new tariff announcements. The 10% baseline rate does not apply to Canada and Mexico, since they have already been targeted during Trump's presidency.
The White House said they would deal with both countries using a framework set out in previous executive orders, which imposed tariffs on Canada and Mexico as part of the administration's efforts to address fentanyl and border issues. The White House said it would deal with both countries using a framework set out in Trump's previous executive orders, which imposed tariffs on both countries as part of the administration's efforts to address the entry of fentanyl to the US and border issues.
He previously set those tariffs at 25%, before announcing some exemptions and delays. Trump previously set those tariffs at 25% on all goods entering from both countries, before announcing some exemptions and delays.
No additional US tariffs for Canada, but no relief either 25% tariffs on car imports
25% tariffs on auto imports In addition, the president confirmed the beginning of a new American "25% tariff on all foreign made-automobiles".
In addition, the president announced the US would impose a "25% tariff on all foreign made-automobiles". This tariff went into effect almost immediately, at midnight local time.
Those tariffs would go into effect almost immediately, at midnight on 3 April.