Trump launched a global trade war, take a look at the long list of tariff increases:

New tariff rates:

China 34%

EU 20%

Vietnam 46%

Taiwan 32%

Japan 24%

India 26%

South Korea 25%

Thailand 36%

Switzerland 31%

Indonesia 32%

Malaysia 24%

Cambodia 49%

UK 10%

South Africa 30%

Brazil 10%

Bangladesh 37%

Singapore 10%

Israel 17%

Philippines 17%

Chile 10%

Australia 10%

Pakistan 29%

Turkey 10%

Sri Lanka 44%

Colombia 10%

Peru 10%

Nicaragua 18%

Norway 15%

Costa Rica 10%

Jordan 20%

Dominican Republic 10%

UAE 10%

New Zealand 10%

Argentina 10%

Ecuador 10%

Guatemala 10%

Honduras 10%

Madagascar 47%

Myanmar 44%

Tunisia 28%

Kazakhstan 27%

Serbia 37%

Egypt 10%

Saudi Arabia 10%

El Salvador 10%

Ivory Coast 21%

Laos 48%

Botswana 37%

Trinidad and Tobago 10%

Morocco 10%

Algeria 30%

Oman 10%

Uruguay 10%

Bahamas 10%

Lesotho 50%

Ukraine 10%

Bahrain 10%

Qatar 10%

Mauritius 40%

Fiji 32%

Iceland 10%

Kenya 10%

Liechtenstein 37%

Guyana 38%

Haiti 10%

Bosnia and Herzegovina 35%

Nigeria 14%

Namibia 21%

Brunei 24%

Bolivia 10%

Panama 10%

Venezuela 15%

North Macedonia 33%

Ethiopia 10%

Ghana 10%

Moldova 31%

Angola 32%

Democratic Republic of the Congo 11%

Jamaica 10%

Mozambique 16%

Paraguay 10%

Zambia 17%

Lebanon 10%

Tanzania 10%

Iraq 39%

Georgia 10%

Senegal 10%

Azerbaijan 10%

Cameroon 11%

Uganda 10%

Albania 10%

Armenia 10%

Nepal 10%

Saint Martin 10%

Falkland Islands 41%

Gabon 10%

Kuwait 10%

Togo 10%

Suriname 10%

Belize 10%

Papua New Guinea 10%

Malawi 17%

Liberia 10%

British Virgin Islands 10%

Afghanistan 10%

Zimbabwe 18%

Benin 10%

Barbados 10%

Monaco 10%

Syria 41%

Uzbekistan 10%

Congo Republic 10%

Djibouti 10%

French Polynesia 10%

Cayman Islands 10%

Kosovo 10%

Curacao 10%

Vanuatu 22%

Rwanda 10%

Sierra Leone 10%

Mongolia 10%

San Marino 10%

Antigua and Barbuda 10%

Bermuda 10%

Eswatini 10%

Marshall Islands 10%

Saint Pierre and Miquelon 50%

Saint Kitts and Nevis 10%

Turkmenistan 10%

Grenada 10%

Sudan 10%

Turks and Caicos Islands 10%

Aruba 10%

Montenegro 10%

St. Helena 10%

Kyrgyzstan 10%

Yemen 10%

Saint Vincent and the Grenadines 10%

Niger 10%

Saint Lucia 10%

Nauru 30%

Equatorial Guinea 13%

Iran 10%

Libya 31%

Samoa 10%

Guinea 10%

Timor-Leste 10%

Montserrat 10%

Chad 13%

Mali 10%

Maldives 10%

Tajikistan 10%

Cape Verde 10%

Burundi 10%

Guadeloupe 10%

Bhutan 10%

Martinique 10%

Tonga 10%

Mauritania 10%

Dominica 10%

Micronesia 10%

Gambia 10%

French Guiana 10%

Christmas Island 10%

Andorra 10%

Central African Republic 10%

Solomon Islands 10%

Mayotte 10%

Anguilla 10%

Cocos (Keeling) Islands 10%

Eritrea 10%

Cook Islands 10%

South Sudan 10%

Comoros 10%

Kiribati 10%

São Tomé and Príncipe 10%

Norfolk Island 29%

Gibraltar 10%

Tuvalu 10%

British Indian Ocean Territory 10%

Tokelau 10%

Guinea-Bissau 10%

Svalbard and Jan Mayen 10%

Heard Island and McDonald Islands 10%

Reunion 37%

The Trump administration views the tariff measures as a "panacea" to promote American re-industrialization, balance trade deficits, and improve fiscal conditions. However, most economists warn that these measures may have serious negative impacts on the U.S. economy.

Although Trump's tariff list is long, it has also caused some jokes, such as "Heard Island and McDonald Islands," which are uninhabited Antarctic islands and not independent countries. They are overseas territories of Australia. The only permanent residents are penguins.

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala made rare comments on the global trade situation on Thursday (April 3), warning that the latest high tariffs announced by the U.S. government could cause a decline in global merchandise trade volume by about 1% this year.

Original source: https://www.toutiao.com/article/1828423186249028/

Disclaimer: The article represents the author's personal views.