By GB News (Politics) | Created at 2025-04-02 21:15:59 | Updated at 2025-04-03 18:39:05
21 hours ago
Donald Trump has announced sweeping new trade tariffs targeting 50 countries including the UK as part of his "Make America Wealthy Again" plan.
The UK will face a minimum 10 per cent tariff on goods exported to the United States.
Meanwhile, European Union countries will be hit with a higher 20 per cent tariff under the new measures.
The president unveiled what he called "reciprocal tariffs" during an address at the White House.
Donald Trump has announced sweeping new trade tariffs targeting 25 countries including the UK as part of his 'Make America Wealthy Again' plan
GB News
Trump's plan sets different tariff rates for each country based on what he claims they currently charge on US imports.
Speaking from the White House Rose Garden, Trump revealed a chart listing the new tariff rates for different countries.
The president defended the policy with a simple explanation: "They charge us, we charge them. How can anybody be upset?"
Trump's chart compared how much different countries charge the US in tariffs and how much the US will now charge in return.
The full list of countries facing new tariffs includes China at 34 per cent, South Korea at 25 per cent, and India at 26 per cent.
Vietnam will see a rate of 46 per cent, while Cambodia has been slapped with 49 per cent and Sri Lanka at 44 per cent.
The UK will face a minimum 10 per cent tariff on goods exported to the United States
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The UK's 10 per cent tariff is among the lowest rates, matching Brazil, Chile, Australia, Singapore, Turkey and Colombia.
Several Asian economies face substantial tariffs, with Taiwan at 32 per cent, Japan at 24 per cent, and Thailand at 36 per cent.
Switzerland will see a 31 per cent tariff, while Israel and the Philippines both face 17 per cent.
Trump said nations have treated the US "badly", charging disproportionate tariffs on US imports.
In response, the US will now charge other countries "approximately half" of what they are charging the US.
"The numbers are so disproportionate, they're so unfair," Trump said.
"So, the tariffs will not be a full reciprocal. I could have done that, yes, but it would have been tough for a lot of countries," Trump explained.
"We didn't want to do that."
He concluded: "Countries will finally be asked to pay for the privilege of access to our market, the biggest market in the world."
