A sudden big news!Trump announced: "Reciprocal tariffs" are imposed comprehensively!China
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2025-04-03
On April 2 local time, US President Trump signed two executive orders on so-called "reciprocal tariffs" at the White House, announcing that the United States set a 10% "minimum benchmark tariff" on trading partners and imposed higher tariffs on some trading partners.
Trump said the United States will calculate all relevant taxes, non-tariff barriers and other forms of comprehensive tax rates for countries that pose a great threat to the United States.Tariffs will not be completely equal, and the United States will charge about half of the fees to those countries.
According to Trump's display of a large sign marked "reciprocal tariffs", it states which trading partners the United States plans to impose taxes and how much tariffs.Among them, China is 34%, the United Kingdom is 10%, Brazil is 10%, Australia is 10%, the Philippines and Israel is 17%, the European Union is 20%, Japan is 24%, South Korea is 25%, India is 26%, South Africa is 30%, Switzerland is 31%, Indonesia is 32%, Sri Lanka is 44%, Vietnam is 46%, and Cambodia is 49%...
Trump declares a national emergency!Fully impose tariffs!On the 2nd local time, the White House issued a statement saying that Trump declared a national emergency on the same day to enhance the United States' competitive advantage, protect US sovereignty, and strengthen US national and economic security.
The statement said that Trump will impose a 10% "benchmark tariff" on all countries, which will take effect at 0:01 am on April 5, Eastern Time.In addition, Trump will impose personalized higher "reciprocal tariffs" on countries with the largest trade deficit in the United States, which will take effect at 0:01 am on April 9, and all other countries will continue to comply with the original 10% tariff benchmark.
The statement said some goods will not be subject to "reciprocal tariffs", including steel and aluminum products that are already subject to Section 232 tariffs, automobiles and auto parts, goods that may be subject to future Section 232 tariffs, and energy and certain other minerals that the United States does not have.In addition, gold bars, copper, pharmaceuticals, semiconductors and wood products are not subject to "reciprocal tariffs".
The statement also stated that for Canada and Mexico, goods complying with the US-Mexico Trade Agreement will continue to be exempted.
Trump announced an additional 25% tariff on imported cars, which will take effect on April 3!On April 2 local time, US President Trump announced an additional 25% tariff on imported cars.Trump said the 25% tariff on cars will take effect on April 3.
Previously, Trump said on March 26 that car tariffs will be permanent.He said that if a car is made in the United States, there is no tariff required.
At present, the EU and many US trading partners have expressed their intention to respond to US tariff policies with retaliatory tariffs and other countermeasures.
Although Trump claims that the tariffs will help bring revenue to the U.S. government and revitalize U.S. manufacturing, economists and business people warn that these tariff measures will push up prices, harm the interests of U.S. consumers and U.S. businesses, disrupt global trade and be detrimental to global economic development.
Trump said the United States will calculate all relevant taxes, non-tariff barriers and other forms of comprehensive tax rates for countries that pose a great threat to the United States.Tariffs will not be completely equal, and the United States will charge about half of the fees to those countries.
According to Trump's display of a large sign marked "reciprocal tariffs", it states which trading partners the United States plans to impose taxes and how much tariffs.Among them, China is 34%, the United Kingdom is 10%, Brazil is 10%, Australia is 10%, the Philippines and Israel is 17%, the European Union is 20%, Japan is 24%, South Korea is 25%, India is 26%, South Africa is 30%, Switzerland is 31%, Indonesia is 32%, Sri Lanka is 44%, Vietnam is 46%, and Cambodia is 49%...
Trump declares a national emergency!Fully impose tariffs!On the 2nd local time, the White House issued a statement saying that Trump declared a national emergency on the same day to enhance the United States' competitive advantage, protect US sovereignty, and strengthen US national and economic security.
The statement said that Trump will impose a 10% "benchmark tariff" on all countries, which will take effect at 0:01 am on April 5, Eastern Time.In addition, Trump will impose personalized higher "reciprocal tariffs" on countries with the largest trade deficit in the United States, which will take effect at 0:01 am on April 9, and all other countries will continue to comply with the original 10% tariff benchmark.
The statement said some goods will not be subject to "reciprocal tariffs", including steel and aluminum products that are already subject to Section 232 tariffs, automobiles and auto parts, goods that may be subject to future Section 232 tariffs, and energy and certain other minerals that the United States does not have.In addition, gold bars, copper, pharmaceuticals, semiconductors and wood products are not subject to "reciprocal tariffs".
The statement also stated that for Canada and Mexico, goods complying with the US-Mexico Trade Agreement will continue to be exempted.
Trump announced an additional 25% tariff on imported cars, which will take effect on April 3!On April 2 local time, US President Trump announced an additional 25% tariff on imported cars.Trump said the 25% tariff on cars will take effect on April 3.
Previously, Trump said on March 26 that car tariffs will be permanent.He said that if a car is made in the United States, there is no tariff required.
At present, the EU and many US trading partners have expressed their intention to respond to US tariff policies with retaliatory tariffs and other countermeasures.
Although Trump claims that the tariffs will help bring revenue to the U.S. government and revitalize U.S. manufacturing, economists and business people warn that these tariff measures will push up prices, harm the interests of U.S. consumers and U.S. businesses, disrupt global trade and be detrimental to global economic development.