Hours before a midnight deadline, the White House announced its new trade policy, including its baseline tariffs for all countries.
Breakdown
- US increases tariffs on Canadian imports from 25% to 35%. 5s
- Countries with a trade deficit with the US will face a 15% tariff, affecting about 40 nations. 14s
- Syria, Laos, Myanmar, and Switzerland will pay the highest reciprocal tariffs, around 40%. 22s
- US and Mexico extend 25% tariffs on certain imports for 90 days. 32s
- No breakthrough in trade negotiations between the US and China. 56s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.