On Wednesday, President Donald Trump rolled out his long-awaited mutual tariffs on nearly 200 nations, imposing at least 10 % tariffs on all imported goods.
Trump referred to April 2 as” Liberation Day,” and he attributed the new taxes to putting an end to trade frictions between different nations and the US.
Trump said at a Rose Garden function in the middle of the afternoon that “it’s our declaration of financial independence.”
TRUMP DISCOVERS RECIPROCAL TARIFFS AGAINST ALLIES AND ADVERSARIES ALIKE STREET DAY: LIBERATION DAY
The higher mutual tariffs, which will be enacted on April 5, will start the same day as the baseline 10 % tax rate is passed on all of the nations listed. Officials from the top management explained that the delay will enable nations to start negotiating with the US.
The Trump presidency targeted the most notable nations with its taxes, as outlined below.
Asia
China
In response to China’s 67 % import tariff, the Trump administration imposed a 34 % tariff on China. This new tariff is in addition to the 20 % that Trump had already imposed on China, increasing the total tariff rate to 54 %.
China and the United States both recorded their largest trade gap in 2024, with China accounting for$ 295.4 billion.
In 2023, China exported phones, lightweight laptops, toys, video game consoles, and lithium-ion batteries as top exports to the United States. That time, they accounted for 27 % of Chinese exports of products.
Japan
Following a 25 % tariff on all imported cars, the Trump administration imposed a 24 % tariff on Japan. Vehicles are Japan’s biggest export to the United States, and the extra tariffs may put a lot of stress on one of the country’s biggest supporters.
Japan exported 40.9 billion worth of vehicles to the United States in 2023, accounting for 28 % of its export there.
According to the White House, Japan currently has a 46 % tariff charge in place for the United States.
South Korea
South Korea, another key supporter of the United States, is subject to a 25 % mutual tax rate from the United States.
South Korea relies on trade to make up a sizable portion of its gross domestic product, with its top exports coming from cars, delicate gas, automotive, and industrial products like steel, brass, and polymers. The United States is its second-largest buying mate, having exported$ 115.7 billion in products in 2024.
According to the White House’s price calculations, South Korea has a 50 % tax on the United States.
India
India is subject to a 26 % tax from the United States, which has a trade deficit with the United States of$ 37 billion.
According to the White House, India has a 52 % tax rate on the United States. But, Reuters reported late last month that India may offer the United States$ 23 billion in price reductions.
Vietnam, Thailand, Sri Lanka, and Bangladesh are just a few of the Eastern nations that Trump’s statement on Wednesday will target.
— Rapid Response 47 ( @Rapid Response47 ) April 2, 2025
Middle Eastern
Israel
Israel, the largest recipient of U.S. help and a close ally of the United States, is subject to a 17 % price. According to the White House, the Jewish state has a 33 % tax on U.S. imports in place.
Reduce diamonds, integrated circuits, and medicine are the country’s top exports to the United States.
In 2024, the United States had a$ 7.4 billion deal imbalance with Israel.
Saudi Arabia
Saudi Arabia, which currently imposes a 10 % tariff on all U.S. imports, has been subject to a 10 % reciprocal tariff from the White House.
In 2024, the United States ‘ trade surplus with Saudi Arabia totaled$ 443.3 million.
Egypt
Egypt is subject to a 10 % mutual tariff from the United States, which already has a 10 % tax on American goods.
In 2024, the United States ‘ trade deficit with Egypt was$ 3.5 billion.
Jordan and the United Arab Emirates were another Middle Eastern nations that Trump’s announcement on Wednesday targeted.
South America
Brazil
In response to Brazil’s 10 % tariff on the U.S., the U.S. imposed a 10 % tariff on its exports.
Brazil is gearing up to become a different export cause for the United States as China and Bangladesh’s tariffs are steeper. Brazil is the biggest producer of boots outside of Asia, and it may experience a rise in products exported to the U.S.
Argentina
Argentina received a 10 % tax from the Trump presidency, the same as what the White House discovered it had on the United States. The country’s biggest imports are agricultural goods, including soy, wheat, and grains.
Trump and Argentina’s President Javier Milei, who were present at Trump’s opening, have a pleasant marriage.
Ecuador and Peru are two different South American nations that Trump’s announcement on Wednesday targeted.
Rest of the world
European Union
The Trump administration imposed a 20 % tax on the European Union.
Trump’s financial warnings, which he has threatened for more than a month, have irritated the EU.
Apparently, EU leaders are considering using a plan tool called the anti-coercion equipment to prevent online streaming service and software licence in response to Trump’s taxes. In an effort to fight against Washington’s new methods, frontrunners in Brussels are even considering targeting American banks.
Australia
Retribution is prohibited in Australia, which is subject to a 10 % level.
In recent years, the United States and Australia have enjoyed a friendly monetary marriage.
SENATE REPRESENTS TRUMP’S” LIBERATION DAY” REBUKE OVER EMERGENCY TARIFFS ON CANADA
South Africa
South Africa is currently subject to a 30 % price from the United States.
Because they have already reached treaties, Mexico and Canada were not included in Wednesday’s taxes. The majority of goods and products are exempt from levies under the U.S. Mexico-Canada Agreement business deal.
