Donald Trump has announced his full list of ‘Liberation Day’ tariffs; here is the full list of countries hit hardest by Trump’s tariffs.
Donald trump announces tariffs to boost economic independence
Trump has announced his full list of ‘Liberation Day’ tariffs, which he claims will grant the U.S. economic independence. These tariffs will impact over 90 nations, including China and the European Union, with tariffs ranging from 10 to 20 percent.
Trump argues that the tariffs are necessary to reduce the trade deficit and bring jobs back to the U.S.
However, economists are concerned that the tariffs could cause inflation and retaliatory actions from other countries.
Countries hit hardest by Trump’s tariffs
China and the European Union are among the most affected nations, facing both 10 percent baseline tariffs and additional reciprocal tariffs.
On the other hand, the UK will experience the least impact, with only a 10 percent tariff applied.
Interestingly, even remote territories like the Heard and McDonald Islands, owned by Australia, are included on the list.
The full list of tariffs:
- China: 34% (though it will be 54% as it will stack with other US tariffs on China)
- European Union: 20%
- Vietnam: 46%
- Taiwan: 32%
- Japan: 24%
- India: 26%
- South Korea: 25%
- Thailand: 36%
- Switzerland: 31%
- Indonesia: 32%
- Malaysia: 24%
- Cambodia: 49%
- United Kingdom: 10%
- South Africa: 30%
- Brazil: 10%
- Bangladesh: 37%
- Singapore: 10%
- Israel: 17%
- Philippines: 17%
- Chile: 10%
- Australia: 10%
- Pakistan: 29%
- Turkey: 10%
- Sri Lanka: 44%
- Colombia: 10%
- Peru: 10%
- Nicaragua: 18%
- Norway: 15%
- Costa Rica: 10%
- Jordan: 20%
- Dominican Republic: 10%
- United Arab Emirates: 10%
- New Zealand: 10%
- Argentina: 10%
- Ecuador: 10%
- Guatemala: 10%
- Honduras: 10%
- Madagascar: 47%
- Myanmar: 44%
- Tunisia: 28%
- Kazakhstan: 27%
- Serbia: 37%
- Egypt: 10%
- Saudi Arabia: 10%
- El Salvador: 10%
- Côte d’Ivoire: 21%
- Laos: 48%
- Botswana: 37%
- Trinidad and Tobago: 10%
- Morocco: 10%
- Algeria: 30%
- Oman: 10%
- Uruguay: 10%
- Bahamas: 10%
- Lesotho: 50%
- Ukraine: 10%
- Bahrain: 10%
- Qatar: 10%
- Mauritius: 40%
- Fiji: 32%
- Iceland: 10%
- Kenya: 10%
- Liechtenstein: 37%
- Guyana: 38%
- Haiti: 10%
- Bosnia and Herzegovina: 35%
- Nigeria: 14%
- Namibia: 21%
- Brunei: 24%
- Bolivia: 10%
- Panama: 10%
- Venezuela: 15%
- North Macedonia: 33%
- Ethiopia: 10%
- Ghana: 10%
The full list of tariffs:
- Moldova: 31%
- Angola: 32%
- Democratic Republic of the Congo: 11%
- Jamaica: 10%
- Mozambique: 16%
- Paraguay: 10%
- Zambia: 17%
- Lebanon: 10%
- Tanzania: 10%
- Iraq: 39%
- Georgia: 10%
- Senegal: 10%
- Azerbaijan: 10%
- Cameroon: 11%
- Uganda: 10%
- Albania: 10%
- Armenia: 10%
- Nepal: 10%
- Sint Maarten: 10%
- Falkland Islands: 41%
- Gabon: 10%
- Kuwait: 10%
- Togo: 10%
- Suriname: 10%
- Belize: 10%
- Papua New Guinea: 10%
- Malawi: 17%
- Liberia: 10%
- British Virgin Islands: 10%
- Afghanistan: 10%
- Zimbabwe: 18%
- Benin: 10%
- Barbados: 10%
- Monaco: 10%
- Syria: 41%
- Uzbekistan: 10%
- Republic of the Congo: 10%
- Djibouti: 10%
- French Polynesia: 10%
- Cayman Islands: 10%
- Kosovo: 10%
- Curaçao: 10%
- Vanuatu: 22%
- Rwanda: 10%
- Sierra Leone: 10%
- Mongolia: 10%
- San Marino: 10%
- Antigua and Barbuda: 10%
- Bermuda: 10%
- Eswatini: 10%
- Marshall Islands: 10%
- Saint Pierre and Miquelon: 50%
- Saint Kitts and Nevis: 10%
- Turkmenistan: 10%
- Grenada: 10%
- Sudan: 10%
- Turks and Caicos Islands: 10%
- Aruba: 10%
- Montenegro: 10%
- Saint Helena: 10%
- Kyrgyzstan: 10%
- Yemen: 10%
- Saint Vincent and the Grenadines: 10%
- Niger: 10%
- Saint Lucia: 10%
- Nauru: 30%
- Equatorial Guinea: 13%
- Iran: 10%
- Libya: 31%
- Samoa: 10%
- Guinea: 10%
- Timor-Leste: 10%
- Montserrat: 10%
- Chad: 13%
- Mali: 10%
- Maldives: 10%
- Tajikistan: 10%
- Cabo Verde: 10%
- Burundi: 10%
- Guadeloupe: 10%
- Bhutan: 10%
- Martinique: 10%
- Tonga: 10%
- Mauritania: 10%
- Dominica: 10%
- Micronesia: 10%
- Gambia: 10%
- French Guiana: 10%
- Christmas Island: 10%
- Andorra: 10%
- Central African Republic: 10%
- Solomon Islands: 10%
- Mayotte: 10%
- Anguilla: 10%
- Cocos (Keeling) Islands: 10%
- Eritrea: 10%
- Cook Islands: 10%
- South Sudan: 10%
- Comoros: 10%
- Kiribati: 10%
- São Tomé and Príncipe: 10%
- Norfolk Island: 29%
- Gibraltar: 10%
- Tuvalu: 10%
- British Indian Ocean Territory: 10%
- Tokelau: 10%
- Guinea-Bissau: 10%
- Svalbard and Jan Mayen: 10%
- Heard and McDonald Islands: 10% (these are uninhabited, by the way)
- Réunion: 37%
What are tariffs and how do they work?
A tariff is a tax paid on imported goods. For example, if an item is bought from the UK, a 10 percent tax will be applied to its value.
This tax is often passed on to consumers, making foreign products more expensive.
Trump believes that this will encourage the purchase of U.S.-made goods, thus boosting domestic manufacturing.
Impact of Trump’s tariffs on global trade
Trump believes these tariffs will level the playing field, but experts predict potential negative effects.
Economists warn that the tariffs could trigger inflation and prompt retaliatory tariffs from other nations. This could lead to a global recession, impacting both the U.S. and its trading partners.
The tariffs will be implemented in two phases. The 10 percent baseline tariff will begin on April 5, and the reciprocal tariffs will take effect on April 9.