Donald Trump’s mutual tariff: Which countries take the most difficult hit and which survives?

New Delhi: US President Donald Trump on Thursday introduced wide new tariffs, introducing a universal 10% tax on all imports, with additional levy on 10% to 50% of trade imbalances.
The target is to combat measures implemented under the International Emergency Emergency Economic Powers Act of 1977 Trade deficit And strengthen domestic manufacturing. While Trump defends the necessary steps to protect American industries, critics have warned of potential economic instability and a spectacular trade war.

Also read: Trump’s 26% ‘concession’ tariff: Is the Indian economy relatively untouched?

Countries facing the highest tariff

Nations with important trade surplus with the US have been killed with the most tariffs. Some of the toughest-toughest countries include:

Many of these countries, including Vietnam, Bangladesh and Sri Lanka, are the major exporters of textiles, shoes and electronics for the US. Tariffs are expected to obstruct their industries, affect global supply chains, and to be a leading price increase for American consumers.

Countries facing the lowest tariff

Some countries are spared from the heaviest levy, only the baseline is facing 10% tariffs. This includes:

Relatively low tariffs suggest that these countries are seen as fair trading partners by the Trump administration. However, business business in these countries is concerned about the widespread implications of increasing stress.
Also read: ‘Fight to Fight’: How World leaders reacted to Trump’s tariff move

Economic impact and global reaction

Tariff’s declaration has provoked global markets, with S&P 500 futures to have an equal decline of around 2% and Asian and European stock indices. Analysts have warned that these measures can carry forward global trade towards their most conservationist era since the Great Depression, as the affected nations prepare anti -counterparts.
Critics argue that tariffs, which act as taxes on imports, will increase costs for American consumers and businesses. Economists predict inflation pressure, with some forecasts due to the rising prices in the second quarter and supply chains in the second quarter.
In response, countries like Israel and Vietnam have reduced their own tariffs on American imports, possibly to avoid further punitive measures. Meanwhile, the European Union is allegedly considering banning the US-based technical firms as a ventilative move.
As Trump has carried forward his ‘America First’ trade agenda, businesses and governments worldwide remain on high alert for further developments.

The complete list of countries and how much mutual tariff Trump has been applied:

(The highest tarifs)