Search
Close this search box.

Trump’s Tariff Plan, Country by Country—The Biggest Gaps Revealed

SHARE

SHARE

Table of Contents

  • Trump’s tariff announcement sparks immediate market volatility, wiping billions from major indexes, while China retaliates with investment restrictions, signaling deeper economic tensions and uncertainty
  • Bitcoin plunges over 3 percent within minutes of the announcement as investors react to escalating trade policies, fueling concerns over the impact on the cryptocurrency market moving forward
  • The S&P 500 erases $1.4 trillion in value within minutes, highlighting how global markets are bracing for the economic fallout of Trump’s reciprocal tariffs on imports and trade regulations

As the world braces for the impact of President Donald J. Trump’s “Liberation Day” tariffs, the numbers behind his reciprocal tariff strategy reveal the administration’s intent to address what it perceives as unfair trade practices.

An image revealed online by crypto analysis CryptoByMathieu highlighted the imposed tariffs by the U.S. 

The table titled “Reciprocal Tariffs” underscores the disparity between tariffs imposed on U.S. goods by various countries and the proposed discounted reciprocal tariffs the U.S. plans to implement.

The Tariff Disparity

Countries like China, Vietnam, and Cambodia impose some of the highest tariffs on U.S. goods, with rates reaching 67%, 90%, and 97%, respectively. In contrast, the U.S. plans to respond with reciprocal tariffs at half of the original rates—34%, 46%, and 49% for these nations.

Even long-standing trade partners like the European Union and Japan impose tariffs of 39% and 46%, while the U.S. proposes reciprocal rates of 20% and 24%. The administration argues that these measures aim to level the playing field for American businesses and reduce the trade deficit.

The Baseline and Reciprocal Tariffs

The newly announced tariff system introduces a 10% baseline tariff on imports from all countries, effective April 5 at 12:01 a.m. This baseline serves as a preventative measure against circumvention, ensuring that no nation can exploit loopholes in the system.

For the 60 countries on the “worst offender” list, reciprocal tariffs will take effect on April 9 at 12:01 a.m. These tariffs are calculated at half the rate of the combined tariffs and non-tariff barriers imposed by those nations on U.S. goods. This approach aims to level the playing field while addressing long-standing trade imbalances.

Key Sectors Affected

The tariffs introduce a baseline 10% tariff on all imports, along with higher reciprocal tariffs for nations classified as “worst offenders.”

While foreign-made automobiles will face a 25% tariff, industries such as steel, aluminum, copper, and lumber—previously covered under Section 232 tariffs—are excluded from this new tariff framework.

Additionally, sector-specific tariffs on semiconductors, pharmaceuticals, and possibly critical minerals will be introduced separately, outside the broader tariff regime.

Global Implications

While the administration frames these tariffs as a step toward fair trade, critics warn of potential retaliatory measures from affected nations. For instance, China has already announced restrictions on outbound investments to the U.S., signaling the start of a broader economic standoff.

The new tariffs announcement has shaken up the cryptocurrency market. Since the U.S. affirmed the new policy, Bitcoin lost over 3% in value in under 50 minutes. 

Meanwhile, the S&P 500 has also turned bearish. Only four minutes after the announcement, the index erased $1.4 trillion in market value.

Here’s a great offer if you’re planning to deposit on WEEX! They’re giving away a 50% deposit bonus, with a maximum of 1,000 USDT. Perfect if you’re looking to add more funds to your trading account!

Disclaimer: The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

Join our Legends Community Today!
Gain access to exclusive insights, trading setups 
and daily market reports.

SHARE

Picture of Giovane

Giovane

My name is Giovane, and I've been covering the world of cryptocurrencies for nearly half a decade. I have a deep passion for understanding how crypto is shaping our future and enjoy diving into the news that highlights these changes. I'm particularly interested in how Bitcoin, Altcoins, and blockchain technology impact economies and societies worldwide.

Related Post

Buy / Sell Bitcoin

Rating: 90%

Conveniently buy/sell Bitcoin with EUR

binance

Rating: 85%

World’s largest crypto exchange

Our Favourite Trading Platform

Rating: 98%

Claim up to $30,050 in Bonus

100x Leverage

Rating: 90%

Get Exclusive 50% Deposit Bonus

Rating: 90%

Get up to $100,000 in Deposit & Trade Rewards

Follow Us