Who stands in the crosshairs of Trump's tariffs? ...Middle East

News by : (Daily Sun) -

Here is a rundown of what Trump has implemented in his second presidency, as a trade tussle between Washington and Beijing again escalates.

China faces the harshest of Trump's tariffs, with a staggering rate of 145 percent imposed this year.

Coupled with an earlier 20 percent duty this year over China's alleged role in the fentanyl supply chain, the total figure rises to 145 percent.

Washington had tailored rates to specific countries and China faced an 84 percent levy that it has since mirrored.

Global tariffs

On April 5, US trading partners were slapped with a 10 percent tariff. This remains in effect for dozens of economies including the European Union, Japan and Vietnam, which were originally due to see higher rates from Wednesday.

There are notable exceptions to this duty.

Also off the hook from these are copper, pharmaceuticals, semiconductors and lumber -- although these are sectors that Trump is mulling levies on.

Autos, metals

In March, he imposed a 25 percent levy on steel and aluminum imports.

But autos imported under the US-Mexico-Canada Agreement (USMCA) can qualify for a lower levy, while compliant auto parts are tariff-free until a process is set up to target non-US content.

Canadian and Mexican imports were initially hard hit by 25 percent US tariffs -- with a lower rate for Canadian energy.

But he eventually announced exemptions for goods entering his country under the USMCA, covering large swathes of products. Potash, used as fertilizer, got a lower rate as well.

Besides its 84 percent duty on US goods, Beijing earlier retaliated with counter tariffs on American agricultural products like poultry, wheat and cotton.

Although the EU adopted countermeasures against US metals tariffs, the bloc said Thursday it would put the planned duties -- hitting more than 20 billion euros ($22.3 billion) in US goods -- on hold for 90 days.

Beyond expansive tariffs on Chinese products, Trump recently ordered the closure of a duty-free exemption for low-value parcels from the country as well. This will likely raise the cost of importing items like clothing and small electronics.

He has raised the possibility of tariffs on sectors like pharmaceuticals and semiconductors also, and ordered investigations into copper and lumber imports.

Washington meanwhile has an ongoing investigation into China's practices in the maritime and shipbuilding sector, which could bring new punitive action.

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