On Wednesday (2 April), US president Donald Trump took to the Rose Garden of the White House to finally announce his list of reciprocal tariffs he's set to impose on a number of nations across the globe.
The 78-year-old Republican began the eagerly-anticipated speech by branding it as 'Liberation Day', saying: "We've been waiting for a long time, April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to 'Make America Wealthy Again'."
During the announcement Trump whipped out a 'Reciprocal Tariffs' chart to the audience, where he revealed exactly what tariffs he planned on rolling out for each given country.
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So, without further ado, let's get into every country affected by Trump's 'Liberation Day' tariffs.
10% baseline tariff
The easiest way to break all this down is by grouping the nations which all share the same 10 percent 'baseline' tariffs on all imports to the US - something set to go into effect this weekend (5 April).
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For some context, it's the companies that are bringing the foreign goods into the States that have to pay the tax to the government.
But, as we know, this could have knock-on effects for consumers who can end up forking out higher costs as companies often put up their prices in order to compensate for tariffs.
The countries which will only face the base rate include:
- United Kingdom
- Singapore
- Brazil
- Australia
- New Zealand
- Turkey
- Colombia
- Argentina
- El Salvador
- United Arab Emirates
- Saudi Arabia
The likes of Canada and Mexico will not be hit with the 10 percent baseline rate as they have already been targeted during Trump's presidency.
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Custom tariffs for 'worst offenders'
A few days after the first set of 'baseline' tariffs are rolled out on Wednesday of next week (9 April), a group of around 60 countries dubbed the 'worst offenders' will be slapped with specific tariffs.
The key trading partners subject to such customised tariff rates include:
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- China: 54% (which includes earlier tariffs)
- Cambodia: 49%
- Vietnam: 46%
- Thailand: 36%
- Taiwan: 32%
- South Africa: 30%
- Japan: 24%
- European Union: 20%
Car import tariffs
Trump also announced that, effective from midnight yesterday, the US is imposing a 25 percent tariff on all foreign-made cars, saying: "They charge us, we charge them. How can anybody be upset?"
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"This will be the golden age of America. It’s coming back," he claimed.
Topics: Australia, Canada, Donald Trump, Europe, Explained, Money, News, Politics, US News, World News, Tariffs
Rhiannon Ingle