New York (AP) – President Donald Trump launched Tariff Wars with almost all American business partners. And there is no end in sight.
A certain number of new taxes on goods from other countries are already there – with more and more to take effect From Wednesday. Trump has promised higher rates for its more recent and most serious stole of tasks, which he calls “reciprocal” prices.
With as much Tariff actions of back and forth And threats can be difficult to keep track of the place where things are. Here is an overview of what you need to know.
What rates come into force on Wednesday?
Women shop for clothing in a clothing market in Dacca, Bangladesh, Thursday April 3, 2025.
Trump announced his last – And the most scanning – Prices couple on April 2, which he nicknamed “Liberation Day”, as part of his “Reciprocal” commercial plan. In a fiery speech saying that other countries had “torn” the United States for years, Trump said that the United States would now tax almost all American trade partners at a minimum of 10%-and would impose higher rates for countries that, according to him
The basic line of 10% has already entered into force on Saturday. And when the clock strikes midnight Wednesday, Trump’s higher import tax rates On dozens of countries and territories will take the hand-that is to say, unless something changes in the eleventh hour.
The higher samples decrease up to 50% – with the largest landing rate on small economies that exchange little with the United States, including the African kingdom of Lesotho. Some other rates include a tax of 47% on Madagascar imports, 46% on Vietnam, 32% in Taiwan, 25% on South Korea, 24% on Japan and 20% on the European Union.
Economists warn that the withdrawals will increase Price for the goods that consumers buy every day – Especially since these new prices are based on some of the previous trade measures. Trump announced last week a rate of 34% on China, for example, which would come at the top of 20% of the samples he imposed in the country earlier this year.
Trump has since threatened Another 50% sample from Chinese products in response to Beijing Recently procedural reprisals. This would bring the total combined at 104% against China.
The White House press secretary Karoline Leavitt said in a Tuesday briefing that Trump had not envisaged extension or delay for increased rate increases.
“He expects these prices to come into force,” she said.
Do more prices arrive?
People walk by shelf with imported nuts from the United States, at the Hema supermarket, in Beijing, Tuesday April 8, 2025. (AP photo / Andy Wong)
As part of a Rafale of countermeasuresChina said that it would preserve its own 34% price on all American products – corresponding to the Trump rate – from Thursday.
Trump was quick to criticize China’s decision – but China argued that it “Fight until the end” And take countermeasures against the United States to protect themselves. On Tuesday, Trump’s threat to degenerate the prices of “an error in addition to an error” on Tuesday that “a Chinese Ministry of Commerce.
The trade war between the United States and China is not new. The two countries have exchanged a Series of Tit-For-Tat samples In recent months – in addition to the prices imposed during the first term of Trump, many of which have been kept or added to former president Joe Biden.
While China has adopted the most difficult approach so far, several countries have indicated that they were asking their own responses to Trump’s samples.
We may see more reprisals in the future, but others have reported Some hope to negotiate. The head of the European Union Executive Commission is one of those who offer a Mutual prices reduction – While warning that countermeasures are always an option.
Trump could also deploy more specific rates for road products. The president previously threatened import taxes on goods such as copper, wood and pharmaceutical drugs – which are all currently exempt from Trump’s “reciprocal” samples.
During a speech on Tuesday evening, Trump dressed that he offered “latest news” before walking: “We will announce, very soon, a major price on pharmaceutical products”. In the same remarks, the president deplored that the United States no longer produces many pharmaceutical products that its citizens take and have declared that new prices would change this-bring back the production of drugs in the United States
Trucks with containers are going through a logistics terminal in Leipzig, Germany, Monday April 7, 2025. (Jan Woitas / DPA via AP)
What other import taxes are already there?
A handful of prices are already in force, including the Trump’s basic tax on Saturday.
But before this radical tax, Trump had deployed several other tariff cycles targeting special countries and products. Her 25% prices on automotive imports I started last Thursday, for example – kick -off with fully imported cars. These samples should extend to automobile parts applicable in the following weeks, until May 3.
Canada responded on Tuesday with a 25% deduction from automotive imports from the United States which does not comply with the American American agreement of Canada 2020. They should come into force on the same day as Trump’s higher rates on Wednesday.
And the widen of Trump steel and aluminum rates entered into force last month. The two metals are now 25% taxed Overall, with the order of Trump to eliminate steel exemptions and raise the aluminum sample of his 2018 import taxes previously imposed Taking effect on March 12.
Beyond samples from China, Trump has also targeted Mexico and Canada. While Mexico and Canada were spared from last week increased prices, Trump imposed – and more suspended – 25% of the goods of the two countries.
Meanwhile, goods that comply with USMCA can continue to enter the United States in franchiseAccording to the White House. Other imports are still deducted from 25%, as well as 10% lower duties on energy products in potash and Canadians.
But once the two countries have satisfied Trump’s requests on immigration and drug trafficking, the White House said that the price on imports in accordance with non-USMCA would drop from 25% to 12%.
