President Donald Trump has unveiled a new wave of reciprocal tariffs targeting a wide range of U.S. trading partners, with some of the highest duties levied on countries like Cambodia (49%), Vietnam (46%), and Sri Lanka (44%). The announcement comes alongside a 10% baseline tariff imposed on all other nations not individually listed.
For the first time, steep tariffs have been placed on:
- Vietnam: 46%
- Thailand: 36%
- Bangladesh: 37%
- Pakistan: 29%
- Sri Lanka: 44%
- South Africa: 30%
Trump said, “We will charge them approximately half of what they are and have been charging us — this includes all forms of tariffs, non-monetary barriers, and other trade manipulations.”
The full list also includes:
- China: 34%
- European Union: 20%
- Japan: 24%
- India: 26%
- South Korea: 25%
- Taiwan: 32%
- Malaysia: 24%
- Indonesia: 32%
- Switzerland: 31%
- Israel: 17%
- Philippines: 17%
- United Kingdom: 10%
- Brazil: 10%
- Singapore: 10%
- Chile: 10%
Trump emphasized this was not a full one-to-one tariff match but rather a proportional measure intended to rebalance trade relations. “This is going to be our Golden Age,” he declared.
The tariffs are expected to take effect immediately, with the auto and parts sectors seeing 25% duties starting Thursday, and additional product categories expected to follow.
