Trump Announces Universal Tariffs
In the end, they have arrived. The reciprocal tariffs announced by the Trump administration affect over one hundred countries—but not all to the same extent.
Starting on April 5, a 10% tariff will be applied to almost all imports into the United States. For some countries, there will be no further consequences; among them are the United Kingdom, Singapore, Brazil, Australia, New Zealand, Turkey, Colombia, Argentina, El Salvador, the United Arab Emirates, and Saudi Arabia.
There is then an additional threshold, set by Trump at 20%, which will come into effect on April 9. This applies to countries that, according to the U.S. administration, impose tariffs or similar trade barriers on American goods. On this “not-so-friendly” list are all European Union countries, including Italy. Some countries are treated even more harshly: Chinese products will face a 54% tariff, Cambodian goods 49%, and Vietnamese goods 46%. Then, decreasing from there: Thailand 36%, Japan 24%, South Africa 30%, Taiwan 32%, and South Africa (again) 30%. Excluded from this round of tariffs are Canada and Mexico, which have already been subject to other measures. The automotive sector is treated separately and is already subject to a 25% sector-specific tariff. One of the first industry associations to comment on Trump’s decision was the U.S.-based Plastics, which in recent months had already criticized—without directly attacking the U.S. President—the use of indiscriminate tariff measures. While reaffirming support for the Trump administration and its goal of boosting American industry, Plastics president Matt Seaholm reiterated the risk that tariffs could disrupt U.S. manufacturing supply chains, increase production costs, and ultimately weaken business competitiveness overall.
