How much will Trump’s new tariffs hurt other countries and US consumers? | News

On Wednesday, US President Donald Trump imposed the offense Mutual definitions On commercial partners in the United States.
Today it was called “Liberation Day” By Trump, which signed an executive order imposing a 10 percent flat tariff on almost all countries, then an additional tariff on those countries accused by the United States of directing higher fees on American goods.
Fees I sent shock waves Through global markets and offering Criticism from world leaders. China and the European Union have already responded to retaliatory measures, indicating the threat of World War War.
The Chinese Ministry of Trade called on Washington to cancel the definitions. The ministry said in a statement, “There is no winner in a commercial war, and there is no protectionist outlet,” the ministry said in a statement.
Flat definitions are 10 percent in effect on April 5, while other definitions will enter into force on April 9.
What are the new definitions announced?
Trump targeted nearly 60 countries with Custom mutual tariff. These are the countries that were distinguished as property that receive higher fees on American goods. The most severe prices apply to both commercial partners in the United States and smaller economies – animals and competitors alike.
China was exposed to a 54 percent tariff, including 20 percent of the fees earlier; Lesuto faces a 50 percent tariff. Cambodia 49 percent; And Vietnam neighboring 46 percent.
“The height of the customs tariff was more aggressive than expected.” He said The island.
“Many expected a range of 10-20 percent of the customs tariff. This type of aggressive step will risk some revenge on the largest players, although the smaller countries can choose an attempt to negotiate for a lower rate.”
The European Union was also struck with a 20 percent tariff.
The basic definitions of 10 percent have been applied to all imports coming to the United States. Some countries facing 10 percent of the drawings are the United Kingdom, Australia, Singapore, Brazil and the United Arab Emirates.
There will be no additional tariff for Canada and Mexico – both countries are already undergoing customs tariffs by 25 percent, with the exception of products covered by the free trade deal with the United States.
Explore the table below to know the countries that struck at least and most of them.
What countries are more to the United States?
In 2024, Mexico exported $ 505.9 billion of goods to the United States, according to the US International Trade Department.
This was followed by China, which released $ 438.9 billion; Canada, 412.7 billion dollars; Germany 160.4 billion dollars; Japan is 148.2 billion dollars.
What are the most affected countries?
While Trump did not impose an additional tariff on Canada or Mexico, these countries are the most likely to be affected by American fees, given the high percentage of exports to the United States.
In 2023, 77.6 percent of Canada’s total exports went to the United States, according to United Nations data. The total exports of Mexico to the United States reached 79.6 percent.
In contrast, while the United States is the largest export destination in the European Union, the bloc has many other countries that buy its products: in 2023, the United States formed less than 20 percent of the European Union exports, according to Comtrade.
Likewise, while a heavy tariff is applied to Chinese products, only 14.8 percent of Chinese exports went to the United States in 2023. So, while the United States was the largest export market in China that year, the vast China portfolio of other export destinations – including Japan, India and Mexico – means that it may hurt me less than Canada or Mexico.
However, definitions can affect how China dealt with future trade with the United States, according to experts.
“The escalation of definitions and the continuation of unilateral measures can deepen the erosion of confidence in the global trade system, which prompted China to diversify its partners and reduce dependence on the American market,” He said Al Jazeera Again in January.
How will this affect consumers?
In 2023, the United States imported $ 3 trillion of goods – about $ 1 trillion, which was exported.
American consumers It is already facing car prices after 25 percent of Trump operations on all cars and car parts that come to the United States, which came into effect on Wednesday, April 2. Since the customs tariff also applies to auto parts, the US -made cars using imported parts will become more expensive.
“The increasing costs may cause a major disturbance in the supply chain, and perhaps most importantly, leading to large price increases to the cost of American consumers of vehicles,” Reuters news agency said in a message.
On Thursday, New Zealand Prime Minister Christopher Luxon responded to the 10 percent definitions imposed on the country: “It ends up with the increase in prices for consumers in the United States, high inflation, growth, and as a result, this puts real pressure all over the world,” said New Zealand Prime Minister Christopher Luxon for the 10 percent definitions imposed on the country.
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2025-04-04 03:24:00