On Wednesday night, he announced “reciprocal duties” in more than a hundred countries and the European Union. Using a announcement table, the US president presented the list of countries imposed on the US and what will be imposed on them.
Donald Trump began his speech, stressing: “We have some very, very good news today.” He then pointed out: “Today is the day of liberation. April 2nd 2025 It will remain in history forever as the day the American industry was reborn, the day that America’s destiny was claimed and the day we started to make America rich again. “
“Jobs and factories will return to our country with impulse and you see it already happening. We will overload our domestic industrial base. We will open the foreign markets and overthrow foreign trade barriers. And finally, more interior production will mean stronger competition and lower prices for consumers. This will be, indeed, the golden age of America ».
“In a few minutes, I will sign a historical executive decree to establish mutual duties in countries around the world. Mutual, this means that they do it to us and we do it to them. Very simple. Cannot become simpler than that ».
25% duties on all foreign -manufacturing vehicles from midnight
Speaking of duties, US President initially pointed out that sometimes ‘Friend (is) worse than enemy’.
He pointed out that more than 80% of cars manufactured in South Korea are sold in South Korea and over 90% of cars sold in Japan are manufactured in Japan and that cars manufactured in the US represent only a small fraction in these countries.
‘Ford sells very little’ In other countries, says Trump, an imbalance that has ‘Decimate’ the US industries. “So at midnight we will impose a 25% duty on all cars manufactured abroad”says Trump.
The presentation with a table
Following his speech and with the help of a panel of announcements, he presented the duties imposed by many countries on the US and those that will be imposed immediately.
The list of countries includes the EU. which will impose 20%duties, China (34%), the United Kingdom (10%), Israel (10%), Switzerland (31%) and Japan (24%).
The basic duties announced by Trump
- China 34% duties
- EU 20%
- Vietnam 46%
- Taiwan 32%
- Japan 24%
- India 26%
- South Korea 25%
- Thailand 36%
- Switzerland 31%
- Indonesia 32%
- Malaysia 24%
- Campontal 49%
- UK 10%
- South Africa 30%
- Brazil 10%
- Bangladesh 37%
- Sinkapore 10%
- Israel 17%
- Philippines 17%
- Chile 10%
- Australia 10%
- Pakistan 29%
- Turkey 10%
- Sri Lanka 44%
- Colombia 10%
All countries on which duties were imposed
“There are no duties for companies that manufacture products in the US”
During his speech, Trump made it clear that companies that manufacture their products in the US will pay zero duties.
“There are no duties if you build your product here in America”said Trump. The US president added that “soon” he would receive phone calls from kings, queens and ambassadors calling for tax exemption.
His message to them is: “Finish your own duties, throw your barriers, do not manipulate your coins … and start buying US products worth tens of billions of dollars”.
