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US President Donald Trump has proposed significant reciprocal tariffs, claiming that “our country has been looted, pillaged, raped, plundered” by foreign nations.
During his speech on ‘Liberation Day’, Trump displayed a chart illustrating proposed reciprocal tariffs: 34 per cent on Chinese goods, 26 per cent on Indian goods, 20 per cent on European Union imports, 25% on South Korean products, 24 per cent on Japanese items and 32 per cent on Taiwanese merchandise.
“My fellow Americans, this is Liberation Day, waiting for a long time. April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to Make America Wealthy Again…Taxpayers have been ripped off for more than 50 years,” Trump declared during his White House address. “But it is not going to happen anymore.”
According to the board held up by Trump, India’s tariffs on the US are 52%, with the US’s ‘discounted’ reciprocal tariffs being 26%.
US President Donald Trump has announced a sweeping set of reciprocal tariffs on multiple countries, including India. India will face a 26% tariff on its imports to the US, which is roughly half of the 52% tariff India imposes on US goods.#TrumpTariffs #India #tariffs #BREAKING pic.twitter.com/XqiMjeKjZ4
— Mtimes.co.in (@mtimes_live) April 3, 2025
According to Trump, the US imposes a tiny 2.4% tariff on imported motorcycles, but other countries levy significantly higher rates.
“The United States charges other countries only a 2.4 per cent tariff on motorcycles. Meanwhile, Thailand and others are charging much higher rates, like 60 per cent. India charges 70 per cent, Vietnam charges 75 per cent, and others charge even higher rates,” he said.
“Likewise, until today, the United States has, for decades, charged a 2.5 per cent tariff. Think of that 2.5 per cent on foreign-made automobiles. The European Union charges us more than 10 per cent tariffs, and they have a 20 per cent VAT much, much higher. India charges 70 per cent and perhaps worst of all are the non-monetary restrictions imposed by South Korea, Japan, and many other nations as a result of these colossal trade barriers.”
“India, very, very tough. Very, very tough. The Prime Minister just left. He’s a great friend of mine, but I said, ‘You’re a friend of mine, but you’re not treating us right. They charge us 52%. You have to understand, we charge them almost nothing for years and years and decades, and it was only seven years ago, when I came in, that we started with China,” Trump added.
Trump’s Reciprocal Tariffs
This is the full list announced by Trump:
1. China: 34%
2. European Union: 20%
3. South Korea: 25%
4. India: 26%
5. Vietnam: 46%
6. Taiwan: 32%
7. Japan: 24%
8. Thailand: 36%
9. Switzerland: 31%
10. Indonesia: 32%
11. Malaysia: 24%
12. Cambodia: 49%
13. United Kingdom: 10%
14. South Africa: 30%
15. Brazil: 10%
16. Bangladesh: 37%
17. Singapore: 10%
18. Israel: 17%
19. Philippines: 17%
20. Chile: 10%
21. Australia: 10%
22. Pakistan: 29%
23. Turkey: 10%
24. Sri Lanka: 44%
25. Colombia: 10%
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