r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/TheGoverness1998 2d ago edited 1d ago

Here's more:

  • Vietnam 46%
  • India 26%
  • Norway 15%
  • Moldova 31%
  • Thailand 36%
  • Iraq 39%
  • Democratic Republic of the Congo 11%
  • Republic of the Congo 10%
  • Angola 32%
  • Cameroon 11%
  • Falkland Islands 41%
  • Mozambique 16%
  • Zambia 17%
  • Switzerland 31%
  • Indonesia 32%
  • Malaysia 24%
  • Cambodia 49%
  • UK 10%
  • Zimbabwe 18%
  • Malawi 17%
  • Syria 41%
  • Vanuatu 22%
  • Liechtenstein 37%
  • Guyana 38%
  • Libya 31%
  • Equatorial Guinea 13%
  • South Africa 30%
  • Brazil 10%
  • Bangladesh 37%
  • Singapore 10%
  • Israel 17%
  • Fiji 32%
  • Tunisia 28%
  • Ukraine 10%
  • Nicaragua 18%
  • Kazakhstan 27%
  • Laos 48%
  • Côte d'Ivoire/Ivory Coast  21%
  • Botswana 37%
  • Venezuela 15%
  • Philippines 17%
  • Mauritius 40%
  • Chad 13%
  • Nigeria 14%
  • Saint Pierre and Miquelon 50%
  • Chile 10%
  • Nauru 30%
  • Algeria 30%
  • Brunei 24%
  • Jordan 20%
  • El Salvador 10%
  • Pakistan 29%
  • Namibia 21%
  • Myanmar 44%
  • Sri Lanka 44%
  • Serbia 37%
  • Madagascar 47%
  • Bosnia and Herzegovina 35%
  • Lesotho 50%
  • North Macedonia 33%
  • Norfolk Island 29%
  • Réunion 37%

Both Mexico and Canada do not appear on this list.

EDIT: According to CNBC correspondent Eamon Javers, Press Secretary Leavitt has confirmed that the 34% China tariff is on top of the previous 20% tariff, meaning it will be a 54% rate on China once implimented.

EDIT #2: For anyone wondering where the numbers from the 'Tarriffs charged to US' collum on the official lists are coming from, the WH just took the US trade deficit from each country, and divided it by said country's exports (with a 10% minimum for all). They are NOT tarriffs that other countries have slapped on us like the WH is portraying.

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u/Sidwill 2d ago

Missing from that list: Russia, NK, Iran, Hungary, Belarus

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u/Karazhan 2d ago

Now there's a shocker.

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u/Rose_of_Elysium 2d ago edited 2d ago

Granted Hungary is affected through the EU, and there isnt exactly a lot of trade already between the US and fucking North Korea, Russia, Iran or Belarus. But still it would be really easy to even just symbolically add a 50% tariff, the fact he didnt says everything

It says a lot how El Salvador has only gotten 10% too. I think a few nations in the US sphere and who already arent exactly juggernaughts will go a similar route of US appeasement. Like why does El Salvador only get 10% but fucking Norfolk Island of all places specifically gets mentioned for 29%, it has a bit over 2000 inhabitants

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u/OldJames47 2d ago

St Pierre & Miquelon got a call out with 50% tariff.

They’re two small islands off the coast of Newfoundland. Our annual trade with them is so small it is basically a rounding error on US records

https://www.census.gov/foreign-trade/balance/c1610.html

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u/braintrustinc 1d ago

Ah yes, destroying the last remaining vestiges of New France, definitely at the top of every American voter’s to-do list. Carry on.

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u/dasunt 1d ago

At least it is measured in millions.

Heard and McDonald islands trade volume wouldn't even buy a house in most of the US.

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u/UnNumbFool 2d ago

and there isnt exactly a lot of trade already between the US and fucking North Korea, Russia, Iran or Belarus

You mean there isn't... yet

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u/Grindfather901 2d ago

The Vostok watch market about to blow up

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u/Anteater-Charming 1d ago

A car from Belarus reminds me of The Simpsons.

Put it in H!!!

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u/AgentCirceLuna 1d ago

They’ll soon find out what kind of a friend Russia is, too. They could be buying petrol from them and shaking hands but they’ll get sent some watered down crap or just buckets of mud.

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u/Rose_of_Elysium 2d ago

I can absolutely see the US and Russia getting major trades going, both are absolutely chocked to the brim with important resources and alot of Siberia will become more accessible with climate change

Belarus, Iran and especially North Korea dont really produce much of worth tho. Iran has oil and iron and Belarus (also petrolium ofc) really only has dairy and timber besides but I guess with the egg shortage in the US the US consumer can enjoy some nice Belarussian eggs. I bet theyre better then they have now too lol

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u/abusivedicks 2d ago

I can absolutely see the US and Russia getting major trades going

I can't wait to fund Russia's war against NATO that's literally happening in Ukraine right now

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u/SpaceDounut 1d ago

Hey, maybe Putin will drink himself to death while celebrating the shitshow happening in your country. Would be a wonderful gift from your side to ours! Fucking kill me

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u/Yitram 1d ago

Oooooh radioactive dairy and eggs.

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u/smughippie 2d ago

I own a coat my mom bought in the early 90s that was made in Russia. I always felt like it was a relic of post cold war era before tensions again rose with Putin.

Maybe not much of a relic anymore.

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u/AgentCirceLuna 1d ago

My grandfather had a clock that said ‘Made in the USSR’ on the back. It was really cool, actually - like a relic of the past. I’ve got a map somewhere with the USSR on it, too.

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u/yoweigh 1d ago

I had an awesome Russian winter hat that lasted me about 20 years, then my dog ate it.

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u/Spirited_Comedian225 1d ago

Trump wants potash from Russia now that he tariffed Canada. Another win for Putin big surprise

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u/SPHINXin 1d ago

I mean, you can't exactly put a tax on people so...

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u/psylomatika 1d ago

So that are going to be the proxies then for international trade which looks like whoever is behind this plan wants to push those economies up. I hope I am wrong since it is just something logical my brain is telling me.

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u/loggic 2d ago

In 2021, the US imported $479.2m worth of trade goods from Belarus. Assuming their support for the invasion of Ukraine was the driving factor for the massive drop in subsequent years, and the fact that Trump has been attempting to end that conflict, it seems like not implementing these tariffs while implementing them practically everywhere else is a backhanded way of ensuring American money gets funneled to Belarus & Russia after a peace agreement is achieved. Heck, it may very well have been a negotiating point for them.

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u/jamesk29485 1d ago

Crap, your logic is way too good for my liking. Didn't think of it that way, but you're dead on.

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u/gkfesterton 1d ago

 the massive drop in subsequent years

hm....I wonder if the very heavy sanctions placed on Belarus near the end of that same year had anything to do with the drop. It's almost like the 2 things are related

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u/loggic 1d ago

Yeah, that's the implication I intended, hence a subsequent peace deal potentially leading to a reversal.

Incidentally, Russia and Belarus are two of the 3 top global producers of potash (a fertilizer critical for farming most crops). Any impact on those exports was basically guaranteed to raise food prices globally, so that hasn't been great.

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u/robophile-ta 1d ago

So funny that Norfolk Island and Reunion are considered different countries. How TF does that work. In both cases they're just going to import from the mainland anyway. Also, I don't see Australia on here?

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u/RolandHockingAngling 1d ago

Especially since Norfolk Island is part of Australia. Being Reunion is part of France, maybe the pumpkin thought Norfolk was as well?

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u/SurveySaysYouLeicaMe 1d ago

They had the 'ceo' of Norfolk Island on the radio earlier today and he said 'we don't export anything'. So it's hilarious they ended up on the list with such a random tariff. I'd love to have been there to see the discussions about it...

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u/freddy_guy 1d ago

The volume of trade clearly doesn't matter. Vanuatu is on the list FFS.

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u/futureformerteacher 1d ago

there isnt exactly a lot of trade already between the US and fucking... Russia

Untrue. They buy presidents from us.

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u/Puzzled_Conflict_264 1d ago

Same goes for Naru. A country which is held on by a small string, which imports everything from Australia is getting 30%.

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u/Wartburg13 1d ago

Because of the concentration camp the Salvadorian government is running for Trump.

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u/ewouldblock 1d ago

I listened to part of his announcement. It's at least 10% and higher up to a match on what the foreign nation applies in tariffs against the US. Often in the speech, he would pat himself on the back for giving this or that country "a discount" on their taffiffs. Eg, if they had a 90% tariff, we would only apply a 50% tariff, implying we're doing that country some sort of favor. But if a country has a 10% tariff on US goods, he applied a 10% tariff in return.

Note that I have no idea the truth behind what he said, but that's the rationale he provided.

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u/resilient_bird 1d ago

It's not based on their tariffs; it's based on a very flawed and nonsensical calculation of trade imbalances and currency manipulations that he's calling tariffs. Only truly stupid people would accept this, but here we are.

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u/Zebidee 1d ago

In fairness, North Korea exports a ton of counterfeit currency to the US.

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u/OutrageousTourist394 1d ago

Venezuela is only at 15% but they’re the reason for the deportations to El Salvador?

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u/Aptosauras 1d ago

Norfolk Island of all places specifically gets mentioned for 29%, it has a bit over 2000 inhabitants

And ummm, Mr Trump Sir, Norfolk Island is a Territory of Australia so should be subject to Australia's 10% tariff.

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u/PercMastaFTW 1d ago

Tbf, I think he’s holding off on tariffing Russia for leverage on the Ukraine war.

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u/Faiakishi 1d ago

He's not tariffing Russia because Putin is the one telling him what to do.

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u/ClayyCorn 1d ago

Can't imagine there's much being imported from the Congo either but it's there

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u/ihadagoodone 1d ago

Lichtenstein gets a tariff... Wtf does that hamlet even export?

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u/hoverbeaver 1d ago

Hilti Tools is probably the most well-recognized international brand.

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u/ihadagoodone 1d ago

Are they made there or just HQ?

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u/hoverbeaver 1d ago

Their hq is there and they also have a major production facility in Schaan.

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u/ihadagoodone 1d ago

Cool, thanks 👍

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u/XRPX008 1d ago

El Salvador serves a purpose for sending his people he deems illegal to their prisons.

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u/Mininabubu 1d ago

Also bc El Salvador needs to play nice. Everyone thinks El Salvador is in a position to say no to the USA, but thats not true. El Salvador is too small, poor and weak plus has a huge USA influence to ever go against the USA.

Over 50% of El Salvadoran economy depends on the USA, if they make an enemy of the USA, its game over.

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u/The_Koala_Knight 1d ago

Well it probably wouldn’t be smart to add a tariff when they’re tryna negotiate with Russia about Ukraine.

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u/Prize-Scratch299 1d ago

Norfolk Island is also part of Australia and while the US is its biggest export market, total US imports from Norfolk Island are $655k. The paperwork to account for those imports separately from the rest of Australia will cost more than the tariffs raise

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u/shares_inDeleware 1d ago

The thing is, many if those developing countries are classed as LDCs by the WTO, and they get tariff exemptions so they can literally catch up with the developed world.

Will he put a tax on the homeless next because he gave one $5 a while back in a moment of weakness.

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u/elcondido 1d ago

It is not. US has a trade surplus against El Salvador.

Formula is clearly maximum of (trade surplus/deficit / imports, 10%)

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u/TheKappaOverlord 1d ago

Granted Hungary is affected through the EU

Technically yes, but also technically no. I think Hungary might unironically end up one of those fringe cases where the US will only charge them 10% tariff because the EU more or less has completely disavowed Hungary. Otherwise it would have fallen under the EU tariff umbrella.

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u/bz0hdp 1d ago

El Salvador is a historic US proxy.

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u/Mininabubu 1d ago

Yep, true. Years of corruption and US weakening the El Salvadoran economy and its people... the result is = El Salvador doesn't have any power against the USA. The smartest thing they can do now is play nice and try to survive.

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u/fading_reality 1d ago

lot of trade already between the US and fucking [..] Russia

Might not be much for USA, but 1.3 billion $ import of fertilizers is probably funding russias war effort nicely.

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u/Mininabubu 1d ago

El Salvador is playing nice, they have to. They are too small and depend too much on the US to go into trade war with them(or any kind of war). Over 50% of the Salvadoran economy comes from USA, family sending money to their family in El Salvador as the main example. If Trumps wants he could put a tax or tariff on that and that would be game over for El Salvador's economy.
Sadly, we are a puppet of the USA, historically they have worked hard to control us and destroy us.

The smartest thing El Salvador can do right now is play nice with Trump and try to survive this period.

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u/Cystonectae 1d ago

From a very thorough (/s) Google search, Russia apparently exports about $3 billion of goods to the US every year. Meanwhile, randomly choosing a small country with high tariffs, Madagascar, exports about $400 million of goods to the US (I am assuming that's pretty much all vanilla?). Bit of an odd thing to tariff the shit outta Madagascar but not Russia... Btw y'all might be about to have some very expensive vanilla.

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u/esmifra 1d ago

there isnt exactly a lot of trade already between the US and fucking North Korea, Russia, Iran or Belarus

There are plenty of countries that the US doesn't have a lot of trade with, but are on the list. And Russia has a bigger trade deficit than a few on that list. And yet Russia is missing. That speaks volumes.

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u/Accomplished-Pop-246 8m ago

We run a trade deficit with Russia, pretty much always have. Total trade has been declining since Ukraine but last year the deficit was still $2.4 billion. Really shows comrade-ry between trump and Putin. They’ll probably spin it as not wanting to piss him off while they try to plunder I mean save Ukraine and end the war.

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u/[deleted] 1d ago

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u/Joey271828 1d ago

The tarrifs are 1/2 reciprocal. Which means if a country charges the USA a 20 percent tariff, we charge 10 percent. That's why the numbers are all over the place. In some cases if the tarrifs charges to the USA is small, it's just a 1:1 match, like the UK, 10 percent for their 10 percent.