Live updates: Trump announces sweeping tariffs
Live updates: Trump announces sweeping tariffs
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%
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Imports from Cambodia: https://tradingeconomics.com/united-states/imports/cambodia
and Vietnam: https://tradingeconomics.com/united-states/imports/vietnam
smh
I wonder how fast and much daily fashion will change. Like, no more knitted or crocheted items, or their resale value will go way up.
If their cost goes way up, that might make hand-made American items comparatively affordable, maybe for the first time in modern history. It's (potentially) a good thing for a bad reason, I guess.