New Trump tariffs: Brazil emerges as biggest winner, EU as biggest loser

On April 2, US President Donald Trump announced the implementation of tariffs on all imported goods, except those deemed critical for production and national security. The tariffs apply to all countries and territories – even those inhabited solely by penguins – with a minimum rate of 10% and up to 49% for certain nations. Breakdown of Trump’s Tariffs: A base tariff of 10% on all imported goods.Some countries face additional tariffs, with the highest rates imposed on: Cambodia (49%) Vietnam (46%) Thailand (36%) China (34%) Taiwan (32%) South Africa (30%) Russia, Belarus, Cuba, North Korea, Iran, Canada, and Mexico are not affected by the tariffs. Ukraine will face 10% tariffs like everyone else. The European Union (EU) faces a 20% tariff on its exports to the US. Imported cars are subject to a 25% tariff. Goods considered vital for national security and production are exempt. Trump pledged to use revenue from the tariffs to pay down the US national debt. Countries must remove their own tariffs and trade barriers against US goods to have the new tariffs lifted. Global Response to Trump's tariffs China and EU Threaten Retaliation