US President Donald Trump has released a detailed tariff chart, outlining increased import duties on several key trade partners, including India, China, and the European Union. Cambodia tops the list with an astonishing 49% tariff, followed by Laos at 48% and Lesotho at 50%.
‘Putting America First’
Announcing the new tariffs from the White House Rose Garden, Trump declared, “Today we’re standing up for the American worker, and we are finally putting America first.”
He emphasized that the US would impose at least a 10% tariff on practically all imported goods, with many countries facing much higher rates.
India, China, and the EU Among Top Targets
According to the tariff chart, the highest import duties are:
- Cambodia – 49%
- Lesotho – 50%
- Laos – 48%
- Vietnam – 46%
- Myanmar – 44%
- Sri Lanka – 44%
- China – 34%
- India – 26%
- European Union – 20%
- Japan – 24%
India’s 26% tariff is among the steepest, signaling a major trade shift. Despite calling Prime Minister Narendra Modi “a great friend”, Trump insisted that India has not treated the US fairly in trade deals.
Tariffs on Other Key Nations
Several US allies have also been hit with tariffs:
- Israel – 17%
- United Kingdom – 10%
- Canada & Mexico – Unspecified but facing tariff scrutiny
- Australia – 10%
Trump defended these tariffs by saying, “In many cases, the friend is worse than the foe in terms of trade.”
Trump Signs Executive Orders to Enforce Tariffs
Following his speech, Trump signed two executive orders to implement the new trade policies immediately. The move is expected to reshape global trade and could lead to retaliatory measures from affected countries.
Economic and Political Reactions
While Trump believes these tariffs will boost American industries, critics argue that they could raise consumer prices, disrupt global supply chains, and escalate trade tensions.
As global markets brace for the impact, all eyes will be on how affected nations respond to Trump’s aggressive trade policies.
