Here’s How Much the US Is Tariffing Each Country

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Aside from a universal 10 percent levy, roughly 60 countries will be hit with additional reciprocal tariffs.

President Donald Trump on April 2 unveiled sweeping global tariffs aimed at reviving American manufacturing and countering what he described as decades of unfair trade practices at the expense of the United States.

The Trump administration has imposed new baseline 10 percent tariffs on all U.S. trading partners, which will go into effect at 12:01 a.m. on April 5.

Roughly 60 countries will be hit with additional reciprocal tariffs. These countries, described by White House officials as the “worst offenders,” were assessed by the administration as having high tariff and non-tariff barriers, including currency manipulation, subsidies, value-added taxes, intellectual property theft, and dumping.

These additional reciprocal tariffs will go into effect at 12:01 a.m. on April 9.

Mexico and Canada are not covered by these new levies, as they are still subject to 25 percent tariffs related to fentanyl trafficking and illegal immigration.

Russia and North Korea are omitted due to existing sanctions and lack of trade.

Additional U.S. tariffs on China will bring the total to 54 percent because the Trump administration previously imposed 20 percent tariffs on the country because of its role in facilitating the flow of fentanyl into the United States.

By Jacob Burg and Savannah Hulsey Pointer

Read Full Article on TheEpochTimes.com

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