World News@lemmy.worldEnglish · 2 days ago

Live updates: Trump announces sweeping tariffs

apnews.com

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Live updates: Trump announces sweeping tariffs

apnews.com

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 2 days ago

403

cross-posted to:
news@lemmy.world

Trump's tariffs send shivers across world markets as economists warn of recession risk

apnews.com

The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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18 hours ago
I think it is something to do with China using it as a proxy for their export.

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