Eng
President Donald Trump's new tariffs announced on Wednesday sent shockwaves through global markets amid worries the aggressive duties will slow growth, hit corporate earnings and stoke inflation. He set a baseline of 10% across all imports and higher duties on some of the U.S.’s biggest trading partners.
In his speech at the White House Rose Garden, Trump cast the levies in terms of fairness, arguing that the "reciprocal" tariffs were a response to duties and other non-tariff barriers put on U.S. goods.
But Trump then unveiled much higher tariffs against some of the country's biggest trading partners. Среди близких союзников США тарифы были введены на Европейский союз (20%), на Японию (24%), на Южную Корею (25%) и на Тайвань (32%).
China would be hit with a 34% tariff, on top of the 20% he previously imposed earlier this year, bringing the total new levies to 54% and close to the 60% figure he had threatened while on the campaign trail.
Some of China's neighbors and biggest trading partners such as Bangladesh, Vietnam, Laos and Cambodia were slapped the highest tariffs. Some multinational companies have moved their supply chains to these countries as they looked to diversify away from China amid Sino-U.S. tensions that ratcheted up under Trump’s first administration.
Analysts expect trading partners to respond with countermeasures that could lead to dramatically higher prices for everything from bicycles to wine.
European Commission President Ursula von der Leyen described U.S. Donald Trump's universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed. She did not provide any details of future EU measures.
The world's No. 2 economy China also vowed countermeasures.