Close Menu
    Trending
    • AI is reshaping work. It could also spark an entrepreneurial boom
    • Mom & Pop Shops Closing In Record Numbers – Are Tariffs To Blame?
    • Taylor Swift Reportedly Offered Bride Irresistible Sum To Snag Wedding Date
    • TikTok to comply with ‘upsetting’ Australian under-16 ban
    • Australia hails ‘shared vision’, as defence minister set to visit Japan | Military News
    • Brian Cashman shares huge revelation about Yankees job
    • Exclusive: 20 years in, this OG YouTube channel is opening a new studio
    • Katy Perry And Justin Trudeau’s Public ‘Hard Launch’ Stuns Fans
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»World News»Where Trump’s Tariffs Will Hit Hardest
    World News

    Where Trump’s Tariffs Will Hit Hardest

    The Daily FuseBy The Daily FuseApril 3, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Where Trump’s Tariffs Will Hit Hardest
    Share
    Facebook Twitter LinkedIn Pinterest Email


    These countries are some of the most vulnerable to Washington’s sweeping new tariffs. Their economies are deeply reliant on selling goods to the United States, and many of them were hit with especially steep taxes.

    Many of the worst-hit countries are close American allies and partners. In Southeast Asia, countries like Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, they will face some of the most punishing tariffs.

    A second group of trading partners facing high tariffs includes huge exporters like China, Japan, India and the European Union. Their overall economies are less exposed to changes in American exports, but many of them still face large economic risks.

    These figures show the increase in duties announced by the Trump administration on Wednesday. The United States had already imposed some tariffs on many countries and sectors, but typically at lower levels.

    Canada and Mexico, which both rely on trade with the United States, were exempted from the new tariffs announced on Wednesday. Both countries will remain subject to the 25 percent tariff that President Trump imposed on many of their products last month in addition to separate U.S. tariffs on global steel, aluminum and cars. The car tariffs went into effect on Thursday.

    Mr. Trump imposed a minimum 10 percent tariff on almost every trading partner that did not get a higher rate.

    The countries that have avoided the highest tariffs may still face extraordinary economic pressure. Experts warned the tariffs could destabilize the entire world economy. And European companies may struggle to compete with a flood of low-cost Chinese imports redirected from the United States.

    “Even the countries that are not facing high tariffs are going to be in trouble,” said Jayati Ghosh, an economist at the University of Massachusetts Amherst. It will disrupt supply chains and inject a huge dose of uncertainty into the global economy, she said, “so you will get much lower investment, and lower economic activity, and lower employment.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Several Countries Boycott Eurovision 2026 Over Israel’s Participation

    December 5, 2025

    Supermoon 2025 to light up the sky tonight: Everything you need to know

    December 4, 2025

    The UK councils that receive the most complaints – with the top three in London

    December 3, 2025

    How iconic paintings would look with a 21st century glow up

    December 3, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Netanyahu Expected to Fire Shin Bet Chief Despite Protests

    March 20, 2025

    Braves star OF to begin rehab assignment

    May 12, 2025

    Another Bravo Star Complains Of Brandi Glanville’s Face Parasite

    July 26, 2025

    ‘1000-Lb. Sistsers’ Tammy Slaton Is Unrecognizable In Bold Full-Body Snap

    July 23, 2025

    Meghan Markle Praised For The ‘Classy Way’ She Handled As Ever Sales Mishap

    April 8, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.