#TrumpTariffs Base rate of 10%
In a phone call before Trump’s speech, a senior White House official told reporters that the president would impose a "basic" tariff on all imports to the U.S.
This rate is set at 10% and will take effect on April 5.
It is the companies that bring foreign products to the U.S. that have to pay the tax to the government, although this may have side effects for consumers.
Some countries will face only the base rate. These include:
United Kingdom
Singapore
Brazil
Australia
New Zealand
Peru
Colombia
Argentina
El Salvador
United Arab Emirates
Saudi Arabia
Customs duties for the "worst offenders"
White House officials also said they would impose what they describe as specific reciprocal tariffs on about 60 of the "worst offenders."
They will take effect on April 9.
Trump's officials say these countries charge higher tariffs on U.S. products, impose "non-tariff" barriers to trade with the U.S. or have acted in ways they believe undermine American economic goals.
The main trading partners subject to these customized tariffs include:
European Union: 20%
China: 54% (which includes previous tariffs)
Vietnam: 46%
Thailand: 36%
Japan: 24%
Cambodia: 49%
South Africa: 30%
Taiwan: 32%
No additional tariffs for Canada and Mexico
The basic rate of 10% does not apply to Canada and Mexico, as they have already been targets during Trump’s presidency.