U.S. President Donald Trump announced the introduction of general base tariffs at a rate of 10% for nearly all countries exporting goods to the United States, including Ukraine. In addition to the base tariffs, individual tariffs for certain countries and unions will also be implemented, which will be additional to the main rate. For example, the additional tariff for China will be 34%, for the European Union – 20%, for Japan – 24%, and for the United Kingdom – 10%. The new tariffs will take effect on April 9, while the minimum base tariffs will start on April 5.
This is reported by Business • Media
It is worth noting that the tariffs will not affect Russia, Cuba, Belarus, and North Korea. The White House administration explained this decision by stating that U.S. sanctions already “hinder any significant trade” with Russia. However, despite this, the United States continues to conduct more trade operations with Russia than with some countries, such as Mauritius or Brunei, which are included in the new tariff list. To implement these tariffs, Trump declared a state of emergency in the U.S. due to the threat to the country’s economic stability.
The European Commission has expressed concern about the consequences of the new tariffs, stating that they will “seriously impact the global economy,” and assured that it will defend its interests.
At the same time, U.S. Treasury Secretary Scott Bessent warned American trading partners about potential consequences in the form of retaliatory measures in response to the new tariffs, which could lead to further increases in tariffs.
Analysts believe that such tariff policies by Trump could provoke the third financial crisis in the last 17 years, which, in turn, could lead to a recession in the global economy.