The U.S. will impose a baseline tariff rate of 10% on all countries, with reciprocal tariff rates set at half of each country’s respective rate.

President Trump has announced specific reciprocal tariff rates on a range of countries, including 49% on Cambodia, 46% on Vietnam, 37% on Bangladesh, 36% on Thailand, 34% on China, 32% on both Taiwan and Indonesia, 31% on Switzerland, 30% on South Africa, 26% on India, 25% on

Reciprocal tariffs will take effect on April 9 at 12:01 AM. A senior White House official stated that additional sector-specific tariffs are planned for semiconductors, pharmaceuticals, and potentially critical minerals, which will not be covered under the new regime. The U.S.

According to CNBC Senior Washington Correspondent Eamon Javers, the 34% reciprocal tariff on China will be added on top of the existing 20%, bringing the total tariff rate on Chinese goods to 54% once the new measure takes effect.