Key Points & Learnings :
Tariffs are taxes imposed on goods imported from another country.
US President Donald Trump announced a reciprocal tariff regime for all trade partners.
Trump Wants to Balance All of America’s Trade.
“Very simply it’s if they charge us, we charge them.” — President Donald Trump, February 9th, 2025.
Increase in USA Inflation
Who won from the Trump administration’s tariffs - Vietnam
Vietnam was the greatest beneficiary from the US–China tariff war in select product groups
|Trading Partner| Country’s Tariffs on U.S. Exports| U.S. Tariffs on Country’s Exports|
|South Korea| 13.60%| 1.90%|
|India| 10.50%| 2.70%|
|Thailand| 4.80%| 1.70%|
|Philippines| 3.90%| 2.10%|
|Taiwan| 1.60%| 0.70%|
|Malaysia| 1.40%| 0.70%|
|Vietnam| 3.30%| 3.10%|
‘Negative for the world economy’
“The escalating trade war between the world’s two largest economies is no doubt negative for the world economy, but one aspect can be positive: the US and China diverting imports away from each other to other countries can benefit some industries in those economies,”
– Nomura analysts said in the report.
Weblinks to read more about India -USA Trade War :
https://www.visualcapitalist.com/chart-explainer-trumps-reciprocal-tariffs-can-hurt-asia/
