AI Summary
US President Donald Trump
US President Donald Trump signed an executive order imposing reciprocal tariffs on countries worldwide, with a minimum rate of 10%. He dubbed the action as a historic event and “Liberation Day" for his country.
Here are the main countries targeted by the tariffs:
|
Country |
Total tariff rate imposed on US (%) |
Tariffs to be imposed by US (%) |
|
|
China |
67 |
34 |
|
|
Japan |
46 |
24 |
|
|
European Union |
39 |
20 |
|
|
Vietnam |
90 |
46 |
|
|
Taiwan |
64 |
32 |
|
|
India |
52 |
26 |
|
|
South Korea |
50 |
25 |
|
|
Thailand |
72 |
36 |
|
|
Switzerland |
61 |
31 |
|
|
Cambodia |
97 |
49 |
|
|
UK |
10 |
10 |
|
According to the US President and a post from the White House, the total rate refers to all the tariffs imposed by countries, along with non-tariff barriers and "other forms of cheating." The new US tariffs are nearly half of this rate.
Key Arab countries targeted by Trump's decision
|
Country |
Total tariff rate imposed on US |
Tariffs to be imposed by US (%) |
|
|
Saudi Arabia |
10 |
10 |
|
|
UAE |
10 |
10 |
|
|
Oman |
10 |
10 |
|
|
Bahrain |
10 |
10 |
|
|
Qatar |
10 |
10 |
|
|
Kuwait |
10 |
10 |
|
|
Jordan |
40 |
20 |
|
|
Egypt |
10 |
10 |
|
|
Tunisia |
55 |
28 |
|
|
Morocco |
10 |
10 |
|
|
Algeria |
59 |
30 |
|
|
Libya |
61 |
31 |
|
|
Iraq |
78 |
39 |
|
|
Syria |
81 |
41 |
|
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