- Key Points
- A new round of steep tariffs imposed by President Donald Trump took effect on products imported from scores of countries worldwide.
- The round of so-called reciprocal tariffs exceeds a base rate of 10% that was imposed on many other countries over the weekend.
- China is being hit with a new 84% tariff, as part of an overall tariff rate of 104% on its exported goods to the United States.
U.S. President Donald Trump speaks on the day he signs energy-related executive orders at the White House in Washington, D.C., U.S., April 8, 2025.
A new round of steep tariffs imposed using President Donald Trump took effect early Wednesday morning on merchandise imported from countries around the world.
The so-called reciprocal tariffs imposed on many different countries over the weekend exceed the base rate of 10%. In all, imports from 86 international locations are currently subject to better tariffs ranging from 11% to 84%.
A net general price list of 104 percent might be imposed on China’s exports to America. The large new tariff charge reflects a formerly imposed 20% duty, a 34% extra tariff, and an ultimate-minute 50% growth that Trump signed past due Tuesday.
Lesotho faces the highest unmarried-nation tariff rate in the new sphere, surpassing China. There is a 50% obligation on that African state’s exports to the United States. Cambodia is close behind, with imports from that kingdom concerned to price lists of 49% beginning Wednesday.
Two of Cambodia’s associates in Southeast Asia, Laos and Vietnam, are situation to responsibilities of 48% and 46% respectively.
After Trump introduced the price lists on April 2, U.S. Stock market indices have lost 4 days in a row. Trump and the White House have disregarded worries regarding the declines in the inventory marketplace. “America is going to be very wealthy again very soon,” Trump said at the White House on Tuesday.
As the contemporary price lists went into effect on Wednesday, Asian markets saw a decrease in buying and selling, and South Korea’s benchmark Kospi entered a bear market.