DBT Bureau
Bengaluru, 4 April 2025
The Trump administration unveiled sweeping tariffs on US trading partners on Wednesday. These tariffs are intended to bridge the trade gap with other nations apart from attracting investment in the manufacturing sector in the US.
Here is a snapshot of new tariff rates:
| Country/Block | US New Tariff Rate |
| China | 34% |
| European Union | 20% |
| Japan | 24% |
| India | 26% |
| South Korea | 25% |
| UK | 10% |
| Vietnam | 46% |
| Taiwan | 32% |
| Canada | No new tariff |
| Mexico | No new tariff |
- Here is an earlier Data Story depicting US’ trade gap with key nations.
Link: https://databiztimes.com/data-story-us-trade-gap-in-2024/
