Explained: What Are Tariffs, Why Countries Use Them, Who Pays

Trump Announces New US Tariffs Details: 20 Per Cent on EU, 34 Per Cent on China

President Donald Trump has introduced a new tariff policy aimed at reshaping US trade relations, imposing a 20 per cent import duty on goods from the European Union and a 34 per cent tariff on Chinese imports. Speaking at a signing ceremony in the White House garden, Trump argued that these measures are necessary to correct what he described as longstanding trade imbalances that have disadvantaged the United States. In a nearly hour-long speech,…

The EU at 20%, Great Britain stops at 10%, China at 34% (ANSA)

Explained: What Are Tariffs, Why Countries Use Them, Who Pays

US President Donald Trump on Wednesday imposed sweeping tariffs that target key economic partners, escalating global trade tensions. China faces a 34 per cent tariff, the European Union 20 per cent, and India a 26 per cent "discounted reciprocal tariff." The affected sectors span automobiles, dairy, steel and electronics. Trump's trade battles are not new. In his first term, he aggressively targeted China with tariffs, leading to retaliatory dut…

Below is a partial list of the reciprocal tariffs announced by US President Donald Trump at his press conference on April 2.

The President of the United States, Donald Trump, announced Wednesday reciprocal tariffs to all countries. “What they do to us we will do to them,” he said at a press conference in which he called “the day of liberation.” These range from 10% to countries like Gibraltar or the United Kingdom, to 34% from China, to 20% to all EU imports. “The European Union has swindled us, we will charge them 20%, half of what they have charged us,” he said. Apa…

The U.S. President has decreed tariffs for "the whole world". Imports from the EU are to be subject to a duty of 20 per cent, from China of 34 per cent.