President Trump has announced sweeping tariffs on imports from all countries, including a 10% baseline duty and higher rates for all countries, with Cambodia (49%), Vietnam (46%), and Sri Lanka (44%) facing the highest levies. The policy also includes a 25% tariff on automobile imports.
US President Donald Trump has announced a comprehensive tariff policy, imposing reciprocal duties on imports from all countries as part of his administration’s efforts to address trade imbalances and bolster American industries. The policy includes a 10% baseline tariff on all imports, with significantly higher duties for nations running trade surpluses with the United States.
The highest tariffs have been imposed on Cambodia (49%), Vietnam (46%), and Sri Lanka (44%), reflecting Trump’s strategy to target countries with substantial trade surpluses.
Other Asian economies such as Bangladesh (37%), Thailand (36%), Taiwan (32%), and Indonesia (32%) also face steep levies. China, a key target of Trump’s trade policies, will be subjected to a 34% tariff, while the European Union will see a 20% duty on its exports to the US.
