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FULL LIST OF RECIPROCAL TARIFFS AKA "TRUMP TARRIFFS"

Written by Michael Thervil

 

Photographer unknown


There's a lot that can be said of the long list of tariffs American President Trump displayed today (5 hours ago) which are set to be put into effect at 12 midnight tonight. For some people and private businesses, they see it as a good thing. For them it's about time that the leveling of the playing field in the world of business and economics occurred. For others, especially geo-political pundits and analysts, President Trump is considered to be not only a dollar short, but a minute too late.

 

For those in favor of what has become known to the world as "Trump Tariffs " or "Reciprocal Tariffs", the implementation of Reciprocal Tariffs will add unprecedented income into the pockets of the American government and ultimately will do the country good by allowing America to pay down both the interest and principal on its loans and it’s federal deficits. In addition to that, those who are in favor of President Trump Reciprocal Tariffs simply think that it's just time for other countries around the world to "pay their fair share”. Those that are also in favor of President Trump's Reciprocal Tariffs also hold the position that his Reciprocal Tariffs will protect American jobs, American industries and American workers.

 

However, if President Trump is considered to be both “a dollar short and a minute late", then that means that the geo-political and geo-economic balance of the world is at stake. If history has shown us anything, it has shown us that protectionism and the policies that stem from it doesn’t work, over time and in the little times that has worked; there were almost always unintended consequences that came along with it. Adam Smith’s notion of the “Hidden Hand” of the Free Market will always prevail. No matter how you feel about it, President Trump's Reciprocal Tariffs will take effect tonight at 12 midnight. With that being said, we’ve decided to publish the complete list of President Trump's "Reciprocal Tariffs" below.

Country

Tariffs Charged to U.S.

New U.S. Reciprocal Tariff

China

67%

34%

European Union

39%

20%

Vietnam

90%

46%

Taiwan

64%

32%

Japan

46%

24%

India

52%

26%

South Korea

50%

25%

Thailand

72%

36%

Switzerland

61%

31%

Indonesia

64%

32%

Malaysia

47%

24%

Cambodia

97%

49%

United Kingdom

10%

10%

South Africa

60%

30%

Brazil

10%

10%

Bangladesh

74%

37%

Singapore

10%

10%

Israel

33%

17%

Philippines

34%

17%

Chile

10%

10%

Australia

10%

10%

Pakistan

58%

29%

Turkey

10%

10%

Sri Lanka

88%

44%

Colombia

10%

10%

Peru

10%

10%

Nicaragua

36%

18%

Norway

30%

15%

Costa Rica

17%

10%

Jordan

40%

20%

Dominican Republic

10%

10%

United Arab Emirates

10%

10%

New Zealand

20%

10%

Argentina

10%

10%

Ecuador

12%

10%

Guatemala

10%

10%

Honduras

10%

10%

Madagascar

93%

47%

Myanmar (Burma)

88%

44%

Tunisia

55%

28%

Kazakhstan

54%

27%

Serbia

74%

37%

Egypt

10%

10%

Saudi Arabia

10%

10%

El Salvador

10%

10%

Côte d'Ivoire

41%

21%

Laos

95%

48%

Botswana

74%

37%

Trinidad and Tobago

12%

10%

Morocco

10%

10%


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