World News@lemmy.worldEnglish · 3 days ago

Live updates: Trump announces sweeping tariffs

apnews.com

402

815

Live updates: Trump announces sweeping tariffs

apnews.com

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 3 days ago

402

Trump's tariffs send shivers across world markets as economists warn of recession risk

apnews.com

The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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Kazumara@discuss.tchncs.de
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3 days ago
I checked and this does seem to fit for Switzerland.

Trade deficit of US to Switzerland: 38.5 B
Exports from Switzerland to US: 63.4 B

Ratio of the two: 61%

Half of that as “reciprocal” tariff: 31%

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