Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • mlg@lemmy.worldEnglish
    25·
    1 day ago

    I don’t know what the actual reasoning is but the 49/46% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.

    • Nalivai@lemmy.worldEnglish
      10·
      1 day ago

      The number for a tariff is a trading deficit divided by total export of a country. It’s simplistically stupid.

    • skisnow@lemmy.caEnglish
      12·
      1 day ago

      Reminder that after setting the political stage for the Khmer Rouge to take power with the carpet-bombing of Cambodia, the US Government continued to recognize Pol Pot as its rightful ruler all the way through to the early 1990s, simply because the actual Cambodian government of the 80s was installed with Vietnam’s help.

      The USA seems to be on an never-ending quest to fuck Indochina over for no fucking reason.

    • Seasm0ke@lemmy.worldEnglish
      11·
      1 day ago

      Lots of good cheap building materials and cloth come from Vietnam. Trump publically thinks that by cutting off these it will bring the rust belt back. Absolute lunacy.