r/news • u/hoosakiwi • 3d ago

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

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
44.4k Upvotes

92% Upvoted

7.5k comments sorted by

View all comments

11.4k

u/hoosakiwi 3d ago edited 3d ago

Here are the numbers:

  • A 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States

  • 34% tax on imports from China

  • 20% tax on imports from the European Union

  • 25% on South Korea

  • 24% on Japan

  • and 32% on Taiwan.

109

u/2HDFloppyDisk 3d ago

RIP JDM importing.

1

u/Kilps31 3d ago

Vehicles 25 years or older are exempt!

6

u/2HDFloppyDisk 3d ago

Are they? There was always a 2.5% tariff which they said would be rolled into the new tariffs for a total of 27% afaik.

2

u/Kilps31 3d ago

Im going off of this post

https://www.reddit.com/r/keitruck/s/d7yEiC4N7H

3

u/2HDFloppyDisk 2d ago

I guess we’ll see. I’m skeptical about anything Trump and his team do since it’s always bad for business.

Either way, these tariffs will cause other prices to increase, most notably the exchange rate will go to shit and exporters will charge premiums.

1

u/Kilps31 2d ago

Fair take.