The most affected US trading partners by Trump's tariffs

The most affected US trading partners by Trump's tariffs

President Donald Trump announced a comprehensive increase in import duties of 10% for all goods introduced to the United States on Wednesday. This measure affects around 60 countries or trade blocks and could trigger a worldwide trade war.

affected trading partners

Various important trading partners in the United States will be severely affected by the so -called counter -tariffs of Trump. China is added with an additional customs rate of 34%, which is added to all Chinese imports in addition to the existing 20% ​​tariffs. The European Union is also faced with 20% tariffs.

trade balance and effects on Asian countries

In 2024, China and the EU accounted for about a quarter of the entire imports of the United States and are therefore among the three most important suppliers of US imports alongside Mexico, according to the US Census Bureau data. Many Southeast Asian countries will also be severely affected, including Vietnam, Laos and Cambodia, which have to count on non -existent customs sets from 46% to 49%. These countries are important sources for consumer goods, machines, electrical articles and textiles for the USA.

exceptions for Mexico and Canada

Mexico and Canada are excluded from this list. However, the existing customs of 25% for exports from these countries that do not correspond to the United States-Mexico-Canada Agreement (USMCA) remains in force, with the exception of Canadian energy and potash, which are decorated with 10%.

Details for calculating the tariffs

The additional country -specific counter tariffs raised are not set up on product -specific tariffs that have already been announced for steel, aluminum and cars. Trump represented the tariffs as "mutual", whereby the sentences are based on the tariffs, the trading partners impose the United States on, taking currency manipulation and other trading barriers into account. However, this does not correspond to reality.

The formula behind the customs sets

The actual counter -tariffs follow a simple formula: the country's trade deficit divided by its exports to the United States, then halved. This calculation was proposed for the first time by journalist James Surowiecki in a post on X and supported by Wall Street analysts.

Example of the trade balance with China

The USA deficit with China was $ 295.4 billion in 2024, while the United States imported $ 439.9 billion from China. This means that China's surplus with the USA made 67% of the value of its exports-a value that the Trump administration described as "customs fee raised to the USA". Half of this 67%sentence results in the counter-customs of 34%.

unusual customs sets and exceptions

This means that the tariffs of other countries do not really incorporate into the calculation. Instead, the measures to countries with large trade surpluses in relation to their exports to the United States are aligned, as Mike O’Rourke, Chief Marketing Strategist at Jones Trading, noted in investors on Wednesday. This gave Lesotho, a country with which the United States have a trade deficit of $ 234 million - which is far below the deficit of $ 295 billion with China - the highest counter custom of 50%.

effect date for the new tariffs

The basic customs of 10% will come into force on Saturday, while all higher tariffs will be effective on April 9th.

The reporting of this article was supported by CNNS David Goldman, Elisabeth Buchwald and Bryan Mena.