As part of the introduction of “reciprocal tariffs” on imports from the United States, Donald Trump unveiled the list of countries that will be subject to the tariffs following the signing of the executive order. Imported products will be subject to a tariff of at least 10%, which will be implemented starting April 5.
List of Countries Affected by the Tariffs
This Wednesday, April 2, the President of the United States announced the imposition of tariffs on goods imported into the United States. From now on, a minimum tariff of 10% will be applied to all imports, with additional surcharges imposed on certain countries deemed particularly hostile from a trade perspective.
These surcharges are designed to also take into account non-tariff barriers imposed by these countries on the import of American products, such as environmental standards and health regulations. Following this announcement, the White House unveiled on Platform X the list of all the countries that will be affected by this exceptional tax. Below are some countries and the applicable customs duties:
- China: 34%
- European Union: 20%
- Switzerland: 31%
- United Kingdom: 10%
- South Africa: 30%
- Brazil: 10%
- Israel: 17%
- United Arab Emirates: 10%
- Madagascar: 47%
- Saudi Arabia: 10%
- Côte d’Ivoire: 21%
- Morocco: 10%
- Kenya: 10%
- Senegal: 10%
Customs duties and their consequences: The dollar falls 1% against the euro
The greenback was rocked Wednesday evening by Donald Trump’s consecutive announcements of new customs duties, intended, according to him, to revive American industry and put an end to the “plundering” of the United States.
The dollar fell more than 1% against the euro as Trump unleashed his new tariffs to end the plundering of America. The greenback lost as much as 1.09% to $1.0924 at 8:17 PM GMT. It also declined against the pound, dropping as much as 0.75% to $1.3025.
To support the US economy, the Federal Reserve (Fed) may be tempted to lower its interest rates, making the dollar less profitable for investors, which would push them away from this measure.
