Here are all the new tariffs that Donald Trump is introducing
Donald Trump has presented a list of the new US import tariffs.
Read the full list below.
New US tariffs
China: 34 percent
EU: 20 percent
Vietnam: 46 percent
Taiwan: 32 percent
Japan: 24 percent
India: 26 percent
South Korea: 25 percent
Thailand: 36 percent
Switzerland: 31 percent
Indonesia: 32 percent
Malaysia: 24 percent
Cambodia: 49 percent
Great Britain: 10 percent
South Africa: 30 percent
Brazil: 10 percent
Bangladesh: 37 percent
Singapore: 10 percent
Israel: 17 percent
Philippines: 17 percent
Chile: 10 percent
Australia: 10 percent
Pakistan: 29 percent
Turkey: 10 percent
Sri Lanka: 44 percent
Colombia: 10 percent
Clear: Car tariffs on 25 percent to be imposed tomorrow
Automotive tariffs of 25 percent will be imposed starting tomorrow, the US government bulletin Federal Register confirms according to Reuters.
As for auto parts, 25 percent tariffs are expected to be imposed no later than May 3.
For a new presidential decision, such as a tariff increase, to be effective, it must be published in the Federal Register so that all agencies use the same information, writes Reuters.
Trump: Introduces reciprocal retaliatory tariffs against countries around the world – 20 percent against the EU
US President Donald Trump will present extensive tariffs against the rest of the world when he gives a speech in the White House Rose Garden on Wednesday evening.
– This is liberation day. April 2, 2025 will forever be remembered as the day when American industry was reborn, he says.
Trump also announced that the US would impose "reciprocal" retaliatory tariffs on the entire world tomorrow. This should lead to jobs and factories returning to the country.
The EU will impose 20 percent tariffs while China's tariff rate will be 34 percent, Trump said as he began listing the retaliatory tariffs. Japan's tariffs will be 24 percent, India 26 percent and Taiwan 32 percent. Britain's will be 10 percent.
According to him, the retaliatory tariffs are based on half the tariff rate that each country already has against the US.
- Trade deficits are no longer just an economic problem. It is a national emergency, Trump justified.
The tariff announcements caused Wall Street to turn down in after-hours trading.
Reactions to Trump's tariffs
Sudden fall for US stock market futures when Trump announces tariffs
Futures on Wall Street turn down after Donald Trump has presented the reciprocal tariffs – after initially rising. At 22:40, the S&P 500 ETF SPY retreats around 2 percent in after-hours trading. At the same time, the American ten-year also turns below zero after initially rushing.
The dollar first continued to fall sharply and was at its lowest at 9.82 kronor, but has now turned up to 9.92 kronor.
The oil price turns down from 1 percent up to the same amount down.
At the same time, the rise in bitcoin has come to an end.
Donald Trump recalls in the speech that Wall Street rose sharply during his first term, although that has not been the case this time, notes Bloomberg.
– The Nasdaq went up 155 percent, far more than any other president has seen in any term, and I think we will break that record, says the president.
Economists: Tariffs worse than expected – turning back the clock to winter timeDonald Trump's tariffs were more extensive than the outside world expected, Swedbank's chief economist Mattias Persson tells TT.
– I think it was a little worse than the market had expected, he says.
Persson believes that uncertainty in the markets will remain after Wednesday's announcement.
SEB's senior economist Robert Bergqvist also calls Trump's "grim" tariff announcement tougher than expected. "The light in the darkness is that the US is keeping the door open for bilateral negotiations. The coming weeks will determine the economic effects," he writes on X.
In a list of conclusions, the economist writes, among other things, that Trump is turning back the clock to winter time for global trade. Trump is also giving "the ghost of stagflation unnecessary muscle."
Stock futures turned down in after-hours trading after Trump presented his tariffs. At 11:10 p.m., the S&P500 ETF SPY was down 2.5 percent.
