US Tariffs Update: A Snapshot of Rates by Country
As the trade landscape evolves, here’s a quick look at the current tariff rates imposed by the United States on various countries:
- China: Tariffs stand at 34%.
- European Union: A rate of 20% is applied.
- South Korea: Imports face a tariff of 25%.
- India: The tariff rate is 26%.
- Vietnam: The rate is notably high at 46%.
- Taiwan: Tariffs are set at 32%.
- Japan: A rate of 24% is enforced.
- Thailand: The current tariff rate is 36%.
- Switzerland: Imports face a 31% tariff.
- Indonesia: Tariffs remain at 32%.
- Malaysia: A tariff of 24% is levied.
- Cambodia: The highest rate at 49%.
- United Kingdom: A low tariff of 10% is set.
- South Africa: Tariffs are at 30%.
- Brazil: The rate is 10%.
- Bangladesh: Imports face a 37% tariff.
- Singapore: A tariff of 10% applies.
- Israel: Tariffs are at 17%.
- Philippines: A 17% rate is enforced.
- Chile: Tariffs are set at 10%.
- Australia: The tariff rate is also 10%.
- Pakistan: Tariffs are at 29%.
- Turkey: A low rate of 10% is applied.
- Sri Lanka: The tariff stands at 44%.
- Colombia: A 10% tariff is in place.
These rates reflect the ongoing trade relations and policies that impact global commerce.
