After the announcement of a broad tariff worldwide, US President Donald Trump said that 10 percent of tariffs will be imposed on all countries, which will be effective from April 5. From April 9, countries with the most trade deficit with the US will face more individual tariffs.
White House ‘President Donald J. In a fact letter titled ‘President Trump is using his rights under the International Emergency Economic Power Acts 1977 (IEEPA) to remove the national emergency generated from the big and consistent trade deficit, “Trump said in a fact letter titled’ announced the national emergency to increase our competitive lead, protect our sovereignty, protect our sovereignty and strengthen our national and economic security. The manipulation and excessive value is inspired by other harmful policies such as added tax (VAT). “
It states, “Using its IEEPA authority, President Trump will impose 10% tariffs on all countries. It will be effective from EDT at 12:01 pm on April 5, 2025.”
The fact letter further stated, “President Trump will impose individual mutual high tariffs on countries with the largest trade deficit in the United States. All other countries will remain under the original 10% tariff baseline. It will be effective at Edt at 12:01 April, 2025 on April 9, 2025.”
Tariffs will remain effective until President Trump determines whether the danger arising from trade deficit and inherent non-secular behavior is eliminated, resolved or decreased.
The fact sheet further states, “Today’s IEEPA order also includes the Amendment Authority, which allows President Trump to increase the tariff, if business partners take retaliation or reduce tariffs, if business partners take important steps to improve non-post-purpose trade systems and talked with United States on Economic and National Security Affairs.”
It is noteworthy that Trump announced a new import duty on Wednesday (local time), which described the rates to be levied on countries around the world, in which India would be charged 26 percent.
At the Make America Wealth Again program, Trump said, “The United States charges only 2.4 percent tariffs on motorcycles from other countries. Meanwhile, Thailand and other countries are charging a lot of price, such as 60%, India 70%, India 70%, Vietnam 75%and other countries are charging even more.”
The US President further said that 25 percent tariffs will be imposed on all foreign -made automobiles. Trump said, “Such horrific imbalances have destroyed our industrial base and has endangered our national security. I do not blame these other countries at all for this disaster. I blame former presidents and previous leaders who do not do their work … We will put 25 percent tariffs on all foreign -made automobiles from midnight.”
Import duty on other major countries is as follows: China (34 percent), European Union (20 percent), Vietnam (46 percent), Taiwan (32 percent), Japan (24 percent), India (26 percent), United Kingdom (10 percent), Bangladesh (37 percent), Pakistan (29 percent), Sri Lanka (44 percent), Israel (17 percent).
