Trump boils ‘tariff bomb’, 34% on China, more than 20% tax on India and European Union

Trump Reciprocal Tariffs Chart: President Donald Trump has released a chart related to new American tariffs for big business partners like India, China and European Union. According to this chart, all the goods coming from Cambodia will be the highest tariff of 49%.

In his speech from Rose Garden of the White House, Trump said that he is finally keeping America first.

President Donald Trump said this

The President said, “Today we are standing with American workers and now we are keeping America first.” Trump said, “We can become very rich, perhaps more than any country in the world. It is difficult to believe, but now we are working wisely.” After this, he announced that at least 10% tax will be levied on almost all the items coming in the US. Some countries, which are shown in the chart, will be taxed even more.

During this, Trump referred to many American colleagues, saying, “Sometimes friends in terms of business prove to be worse than enemies.” Trump, especially about Mexico and Canada, said, “We provide financial help to many countries, help them move forward and maintain their business.” Then he questioned, “Why are we doing this? When will we say that now they should work for themselves?”

Know which country is taxing how much tax

Algeria has the highest 30% tax on these new fees, while Oman, Uruguay and Bahamas will have to pay 10% tax. Lesotho has the highest 50% tariff, which shows the problems related to the trade there by the US. Ukraine, Bahrain and Qatar have been taxed at 10%, while Mauritius will have to pay 40% and Fiji will have to pay 32% tariffs. Iceland and Kenya have also been levied 10% tax, but Liechtenstein will have to pay 37% and Guyana will have to pay 38% tariffs. Haiti has also been included in this list with 10% tax.

The list further has a 35% tariff on Bosnia and Herjegovina, while Nigeria will have to fill 14% and Namibia will have to pay 21% tariffs. 24% tariff has been fixed for Brunei, while 10% tariff has been imposed on Bolivia, Panama and some other countries. Venezuela will have to face 15% tariffs, while 33% tariffs have been imposed on Northern Macedonia. Both Ethiopia and Ghana have a 10% tariff. China, which is a major trading center, has been imposed 34% tariff. The European Union will have to pay 20% tariffs, while Vietnam tops the list with 46% tariff. After this, Taiwan will have to pay 32% and Japan will have to pay 24% tariffs. India and South Korea have been imposed 26% and 25% tariffs respectively, while Thailand will have to pay 36% and Switzerland will have to pay 31% tariffs.

Tariff rates have been fixed at 32% and 24% for Indonesia and Malaysia, while Cambodia is facing the most 49% tariffs. On the other hand, the United Kingdom has a light tariff of only 10%, while South Africa will have to pay 30% and Brazil will have to pay 10% tariffs. Bangladesh will have to face 37% tariffs, while Singapore will have to pay only 10% and Israel and Philippines will have to pay 17% tariffs. Chile and Australia have been relieved with 10% tariffs, but Pakistan will have to pay 29%, Turkish 10% and Sri Lanka will have to pay 44% tariffs. Colombia is also included in countries with 10% tariffs, while Peru and Nicaragua will have to pay 10% and 18% tariffs respectively. Norway will face 15% tariff.

Costa Rica, Jordan and Dominican Republic have been imposed 10%, 20% and 10% tariffs. The United Arab Emirates and New Zealand are also facing 10% tariffs. Argentina, Ecuador, Guatemala and Honduras have a 10% tariff, but Madagascar and Myanmar (Burma) will have to bear 47% and 44% tariffs respectively. Tunisia has been charged 28%, Kazakhstan 27% and Serbia 37% tariffs, while Egypt, Saudi Arabia and Al Salvador will have to pay 10% tariffs. Cota de Ivar will have to pay 21%, Laos 48% and Botswana will have to pay 37% tariffs. Trinidad and Tobago and Morocco have been included in the list with 10% tariffs.