America Announces High Countervailing Duties Against 25 Economies

American President Donald Trump has announced a retaliatory tariff of 46% on 90% of the total amount of goods imported from Vietnam, the second highest among countries exporting to the American market. On the afternoon of April 2nd local time, U.S. President Donald Trump announced a 46% countervailing tariff on 90% of the total amount of goods imported from Vietnam, the second highest among the countries exporting to the U.S. market, only after Cambodia’s 49% tariff on 97% of the total amount of goods exported to the U.S. In the Southeast Asian region, Thailand is subjected to a 36% tax on 72% of the total goods, followed by Indonesia (32%, 64%), Malaysia (24%, 47%), Philippines (17%, 34%), Singapore (10%, 10%); In the list of countries and economies subjected to tariffs this time, notable mentions include China (34%, 67%), the European Union (20%, 39%), Sri Lanka (44%, 88%), Bangladesh (37%, 74%), Taiwan (32%, 64%), Switzerland (31%, 61%), South Africa (30%, 60%), Pakistan (29%, 58%), India (26%, 52%), South Korea (25%, 50%), Japan (24%, 46%), Israel (17%, 33%). The group of countries subject to a 10% tax on 10% of goods exported to America includes the United Kingdom, Australia, Colombia, Chile, Brazil, and Turkey. Notably, Canada and Mexico are not on the list of countries subject to countervailing duties by the U.S. this time.