The US Global Tariffs Plan at a glance

Donald Trump has announced a new extensive set of reciprocal tariffs on Wednesday, arguing that they will allow the United States to succeed.

It is expected that Trump’s tariffs, which he imposed through an enforcement order, to send economic shock around the world. The White House released a A list of approximately 100 countries and tariff rates that the United States would impose in kind.

Here are the main elements of the plan.

In a previous call before Trump’s speech, a senior White House official told reporters that the president would impose “basic rates” on all countries.

This rate is determined at 10% and will take effect on April 5.

Some countries will only face the main rate. These include:

• UK
• Singapore
• Brazil
• Australia
• New Zealand
• Turkey
• Colombia
• Argentina
• El Salvador
• Arab Emirates
• Saudi Arabia

White House officials have also said they will impose specific reciprocal tariffs on approximately 60 “oldest offenders” to come into force on April 9.

These countries are charging higher tariffs for goods in the United States, imposing “Netariff” barriers over trade with the US, or otherwise acted in ways in which the government feels undermining US economic goals.

The main trading partners subject to these personalized tariff rates include:

• European Union: 20%
• China: 54%
• Vietnam: 46%
• Thailand: 36%
• Japan: 24%
• Cambodia: 49%
• South Africa: 30%
• Taiwan: 32%

Canada and Mexico are not mentioned in these new tariff messages.

The White House said they would deal with both sides using a framework designated in previous executive orders, which imposes tariffs for Canada and Mexico as part of the administration’s efforts to deal with fentanyl and border problems.

He previously set these rates at 25%before declaring Some exceptions and delaysS

In addition, the president has announced that the US will impose “25% tariff on all foreign cars made”.

These tariffs will come into force almost immediately, at midnight on April 3.