logo
Trump tariffs mapped: The countries hit by US president's sweeping new trade war levies

Trump tariffs mapped: The countries hit by US president's sweeping new trade war levies

Independent6 days ago
President Donald Trump has signed off on sweeping new tariffs for dozens of countries as he continues to escalate his global trade war.
Trump imposed higher import duty rates of between 10 per cent and 41 percent for multiple trading partners including the European Union, set to come into force on August 7.
Among the hardest hit nations is Switzerland on 39 percent, while Canada is facing 35 percent. Some of the countries affected had reached tariff-reducing deals with the U.S. but others had no opportunity to negotiate with the Trump administration.
Goods from all other countries not listed would be subject to a 10 per cent US import tax. Trump had previously threatened that rate might be higher.
The administration also teased that more trade deals were in the pipeline as it seeks to close trade deficits.
European stocks hit a three-week low on Friday as investors focused on the impact of the new tariffs, while Asian shares were headed for the worst week since April after the announcement Thursday night.
Trump's separate order for Canada raises the rate on Canadian goods subject to fentanyl-related tariffs to 35 per cent, from 25 per cent previously, saying the country had "failed to cooperate" in curbing illicit narcotics flows into the U.S.
The higher tariffs on Canadian goods contrasted sharply with Trump's decision to grant Mexico a 90-day reprieve from higher tariffs of 30 per cent on many goods to provide more time to negotiate a broader trade pact.
Canadian prime minister Mark Carney said he was disappointed by Trump's decision, and vowed to take action to protect Canadian jobs and diversify the country's export markets.
Meanwhile, China is facing an August 12 deadline to reach a tariff agreement with Trump's administration after Beijing and Washington reached preliminary agreements in May and June to end tit-for-tat levies. A U.S. official said they are making progress toward a deal.
Syria 41%
Laos 40%
Myanmar (Burma) 40%
Switzerland 39%
Canada 35%
Iraq 35%
Serbia 35%
Algeria 30%
Bosnia and Herzegovina 30%
Libya 30%
South Africa 30%
Brunei 25%
India 25%
Kazakhstan 25%
Moldova 25%
Tunisia 25%
Bangladesh 20%
Sri Lanka20%
Taiwan 20%
Vietnam 20%
Cambodia 19%
Indonesia 19%
Malaysia 19%
Pakistan 19%
Philippines 19%
Thailand 19%
Nicaragua 18%
Afghanistan 15%
Angola 15%
Bolivia 15%
Botswana 15%
Cameroon 15%
Chad 15%
Costa Rica 15%
Côte d`Ivoire 15%
Democratic Republic of the Congo 15%
Ecuador 15%
Equatorial Guinea15%
European Union 15%
Fiji 15%
Ghana 15%
Guyana 15%
Iceland 15%
Israel 15%
Japan 15%
Jordan 15%
Lesotho 15%
Liechtenstein 15%
Madagascar 15%
Malawi 15%
Mauritius 15%
Mozambique 15%
Namibia 15%
Nauru 15%
New Zealand 15%
Nigeria 15%
North Macedonia 15%
Norway 15%
Papua New Guinea 15%
South Korea 15%
Trinidad and Tobago 15%
Turkey 15%
Uganda 15%
Vanuatu 15%
Venezuela 15%
Zambia 15%
Zimbabwe 15%
Brazil10%
Falkland Islands 10%
United Kingdom 10%
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump announces $100 billion new investment pledge from Apple
Trump announces $100 billion new investment pledge from Apple

Reuters

time4 minutes ago

  • Reuters

Trump announces $100 billion new investment pledge from Apple

WASHINGTON, Aug 6 (Reuters) - President Donald Trump announced on Wednesday that Apple (AAPL.O), opens new tab will invest an additional $100 billion in the United States, a move which will expand the company's domestic investment commitment and could help it sidestep potential tariffs on iPhones. The new pledge brings Apple's total investment commitment in the U.S. to $600 billion. Earlier this year, the company had announced it would invest $500 billion and hire 20,000 workers across the country over the next four years. The announcement centers on expanding Apple's supply chain and advanced manufacturing footprint in the U.S., but still falls short of Trump's demand that Apple begin making iPhones domestically. "Companies like Apple, they're coming home. They're all coming home," Trump told reporters in the Oval Office, moments after Apple CEO Tim Cook gave him a U.S.-made souvenir with a 24-karat gold base. "This is a significant step toward the ultimate goal of ensuring that iPhones sold in America also are made in America," Trump added. Asked if Apple could eventually build entire iPhones in the U.S., Cook noted that many components such as semiconductors, glass and Face ID modules are already made domestically, but said that final assembly will remain overseas "for a while." While the investment pledge is significant, analysts say the numbers align with Apple's typical spending patterns and echo commitments made during both the Biden administration and Trump's previous term. In May, Trump had threatened Apple with a 25% tariff on products manufactured overseas, a sharp reversal from earlier policy when his administration had exempted smartphones, computers and other electronics from rounds of tariffs on Chinese imports. Trump's effort to reshape global trade through tariffs cost Apple $800 million in the June quarter. "Today is a good step in the right direction for Apple, and it helps get on Trump's good side after what appears to be a tension-filled few months in the eyes of the Street between the White House and Apple," said Daniel Ives, an analyst with Wedbush Securities. Apple has a mixed track record when it comes to following through on investment promises. In 2019, for instance, Cook toured a Texas factory with Trump that was promoted as a new manufacturing site. But the facility had been producing Apple computers since 2013 and Apple has since moved that production to Thailand. Apple continues to manufacture most of its products, including iPhones and iPads, in Asia, primarily in China, although it has shifted some production to Vietnam, Thailand and India in recent years. Despite political pressure, analysts widely agree that building iPhones in the U.S. remains unrealistic due to labor costs and the complexity of the global supply chain. "The announcement is a savvy solution to the president's demand that Apple manufacture all iPhones in the U.S.," said Nancy Tengler, CEO and CIO of Laffer Tengler Investments, which holds Apple shares. Partners on Apple's latest U.S. investment effort include specialty glass maker Corning (GLW.N), opens new tab, semiconductor manufacturing equipment supplier Applied Materials (AMAT.O), opens new tab, and chipmakers Texas Instruments (TXN.O), opens new tab, GlobalFoundries (GFS.O), opens new tab, and Broadcom (AVGO.O), opens new tab. Apple shares closed up 5% on Wednesday. Shares of Corning rose nearly 4% in extended trading, while Applied Materials gained almost 2%.

Stanford student newspaper sues Trump administration for alleged free speech violations
Stanford student newspaper sues Trump administration for alleged free speech violations

Reuters

time6 minutes ago

  • Reuters

Stanford student newspaper sues Trump administration for alleged free speech violations

Aug 6 (Reuters) - Stanford University's student newspaper sued the Trump Administration on Wednesday, arguing it has violated the free-speech rights of foreign students by threatening to deport them for writing stories that it considers "anti-American or anti-Israel." The Stanford Daily and two unidentified students said in the lawsuit, opens new tab, filed in federal court in California against Secretary of State Marco Rubio and Secretary of Homeland Security Kristi Noem, that foreign students at the Palo Alto, California, school have refused to write about the conflict in the Middle East for fear they could be arrested, detained and deported. "This pall of fear is incompatible with American liberty," the lawsuit said. "Our First Amendment stands as a bulwark against the government infringing the inalienable human right to think and speak for yourself." Spokespeople for the White House did not immediately respond to a request for comment. "In the United States of America, no one should fear a midnight knock on the door for voicing the wrong opinion,' Stanford Daily attorney Conor Fitzpatrick said in a statement. A spokesperson for Stanford University said the newspaper is an independent organization and that the school is not part of the lawsuit. The Trump administration has attempted to deport students who have expressed pro-Palestinian views, calling them antisemitic and extremist sympathizers whose presence in the country was adverse to U.S. foreign policy. Protesters say that the government wrongly conflates their criticism of Israeli actions in Gaza and advocacy for Palestinian rights with antisemitism and extremism. Judges have ordered the release of some students who the administration arrested and detained without being charged with a crime. The Stanford Daily said in its lawsuit that the administration has caused its foreign writers to self-censor to avoid being targeted. It argued that the administration's threats prevent them from "engaging in protected expression like attending protests, using certain slogans, and publicly voicing their true views about American foreign policy, Israel, and Palestine." The newspaper asked the court to rule that the U.S. Constitution prevents the government from deporting non-citizens for engaging in free speech.

Trump plans 100% tariffs on chips but spares companies ‘building in US'
Trump plans 100% tariffs on chips but spares companies ‘building in US'

The Guardian

time6 minutes ago

  • The Guardian

Trump plans 100% tariffs on chips but spares companies ‘building in US'

Donald Trump said he would impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age. 'We'll be putting a tariff on of approximately 100% on chips and semiconductors,' Trump said in the Oval Office while meeting with Apple CEO Tim Cook. 'But if you're building in the United States of America, there's no charge.' The Republican president said companies that make computer chips in the US would be spared the import tax. During the Covid-19 pandemic, a shortage of computer chips increased the price of autos and contributed to an overall uptick in inflation. Inquiries sent to chip makers Nvidia and Intel were not immediately answered. Demand for computer chips has been climbing worldwide, with sales increasing 19.6% in the year-ended in June, according to the World Semiconductor Trade Statistics organization. Trump's tariff threats mark a significant break from existing plans to revive computer chip production in the United States. He is choosing an approach that favors the proverbial stick over carrots in order to incentivize more production. Essentially, the president is betting that higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for mobile phones, TVs and refrigerators. By contrast, the bipartisan Chips and Science Act signed into law in 2022 by Joe Biden provided more than $50bn to support new computer chip plants, fund research and train workers for the industry. The mix of funding support, tax credits and other financial incentives were meant to draw in private investment, a strategy that Trump has vocally opposed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store