Trump’s 'reciprocal' tariffs target more than 180 countries and territories
Which countries are getting hit—and how hard?
On April 2, 2025, President Trump imposed a universal 10% tariff on all imports effective April 5, 2025, with significantly higher reciprocal tariffs targeting certain nations deemed to have unfair trade practices.
Reciprocal tariffs will go into effective April 9, 2025.
These tariffs are intended to address the persistent trade deficit, which reached a record $1.2 trillion in 2024, and to bolster domestic manufacturing.
The new tariff rollout called “Make America Wealthy Again” includes some of leading Asian economies like China, India, South Korea and Japan.
Collectively, the U.S. had a trade deficit with some leading economies across Asia including China, Vietnam, Taiwan, Japan, South Korea, India and Thailand—amounted to approximately $743 billion in 2024. Ahead of April 2, South Korea, China, and Japan agreed to promote regional trade through South Korea-Japan-China free trade agreement deal.
China now faces 34% in the form of retaliatory tariffs which come on top of the existing 20% duties on all Chinese imports to the U.S.
“China firmly opposes this and will resolutely take countermeasures to safeguard its own rights and interests,” China’s Ministry of Commerce said in a statement Thursday morning.
Vietnam and Cambodia, have also been hit hard by Trump’s tariffs, complicating trade relations. Most companies facing a high rate of reciprocal tariffs also have large trade imbalances like the European Union and China but leading trade partners, Canada and Mexico are missing from the list.
According to the White House the existing fentanyl/migration International Emergency Economic Powers Act (IEEPA) orders remain in effect for Canada and Mexico, and are unaffected by this order. This means goods compliant under the United States-Mexico-Canada Agreement (USMCA) will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff.
The list also includes countries with which U.S. has a trade surplus such as the UK, Saudi Arabia, UAE and Australia. Such countries face the 10% baseline tariff – in retaliation to the 10% they charge to the U.S.
A Downing Street source told the BBC: “We don’t want any tariffs at all, but a lower levy than others vindicates our approach. It matters because the difference between 10% and 20% is thousands of jobs.
The announcement has already been received with responses from countries across the globe”
• European Union: European Commission President Ursula von der Leyen condemned the tariffs as a significant threat to the global economy.
• Japan and South Korea: Officials expressed regret and announced plans to support affected domestic industries.
The new tariffs could push up consumer prices at home and trigger retaliatory measures from key trading partners abroad. If that happens, we could be looking at trade war.
Markets are already jittery, and the uncertainty is beginning to show. The immediate reaction of the tariffs was felt with U.S. stocks dropping after hours as Trump imposed sweeping tariffs.
Trump’s tariffs signal a dramatic shift in how the U.S. plans to engage with the global economy.
While the move is aimed to correct the long-standing trade imbalances, the ripple effects could be damaging and may potentially isolate America from some of its leading trading partners.
The entire list of countries facing reciprocal tariffs can be found here