President Donald Trump’s recent tariff plan has led to significant economic and diplomatic repercussions worldwide. At the White House Rose Garden event on Wednesday, touted as “Liberation Day,” Trump announced far-reaching new tariffs on nearly all U.S. trading partners.
As of April 3, here is a list of the 10 countries majorly affected by these tariffs:
Canada
The U.S. imposed a 25% tariff on all Canadian imports, excluding energy products, which face a 10% tariff. In response, Canadian Prime Minister Justin Trudeau announced immediate tariffs on $155 billion worth of U.S. goods, with plans to extend these measures to an additional $125 billion in the coming weeks. Trudeau criticized the U.S. tariffs as unjustified and harmful to both economies, urging Canadians to support domestic products and services.
Mexico
The U.S. imposed a 25% tariff on all Mexican goods. Mexican President Claudia Sheinbaum announced that Mexico would implement tariff and non-tariff retaliatory measures against the United States, stating that the retaliation was “in defense of Mexico’s interests.”
China
The U.S. imposed a 34% tariff on Chinese imports, exacerbating existing trade tensions. In retaliation, China announced additional tariffs of 15% on U.S. coal and liquefied natural gas, and 10% on oil and agricultural machinery. Furthermore, China expanded export controls on critical minerals and initiated antitrust investigations into U.S. companies.
READ: Canada, China, Mexico, South Korea, India among 10 countries to be hit by Trump’s tariffs on aluminum, steel (February 11, 2025)
European Union
The U.S. imposed a 20% tariff on EU imports, prompting strong criticism from European leaders. Irish Prime Minister Micheál Martin labeled the move as protectionist and unjustified, emphasizing the EU’s commitment to free trade. The EU is considering a measured response, advocating for dialogue and negotiation to resolve the dispute.
Vietnam
Vietnam faces a 46% tariff on its exports to the U.S., significantly impacting its export-driven economy. Prime Minister Pham Minh Chinh convened an emergency cabinet meeting to assess the economic implications. The tariffs have led to a 5.3% drop in Vietnam’s benchmark stock index, reflecting investor concerns. The government is seeking negotiations to address the issue.
Japan
Japan is subjected to a 24% tariff on its exports to the U.S., particularly affecting its automotive and technology sectors. Prime Minister Shigeru Ishiba expressed disappointment over the lack of exemption and announced measures to support affected industries. The Japanese government is also advocating for negotiations to mitigate the impact.
India
The U.S. imposed a 26% tariff on Indian exports, raising concerns over trade relations. This development underscores the urgency of ongoing negotiations for an India-U.S. bilateral trade agreement to mitigate the impact of the tariffs.
Cambodia
Cambodia faces a 49% tariff on its exports to the U.S., dealing a severe blow to its economy, which heavily relies on garment exports. The tariffs are expected to disrupt livelihoods, particularly affecting factory workers who fear job losses. The Cambodian government is assessing the situation and considering diplomatic channels to address the tariffs.
Switzerland
Switzerland is subjected to a 31% tariff on its exports to the U.S. The Swiss government has expressed dismay and is considering appropriate responses, potentially including negotiations or retaliatory measures.
READ: The perils of Trump’s proposed tariff trade war (February 6, 2025)
South Africa
South Africa faces a 30% tariff on its exports to the U.S. The South African government has criticized the tariffs and is exploring possible responses, including lodging complaints with international trade bodies.
These tariffs have prompted a range of responses from the affected countries, including retaliatory measures, formal complaints to international trade organizations, and calls for negotiations to resolve the escalating trade disputes.