President Donald Trump has promised to unleash a wave of dollar-for-dollar reciprocal tariffs on nations that he feels are treating the United States unfairly in terms of trade, either through higher tariffs or non-tariff trade barriers.

The executive order’s Annex I lists 57 countries (83 when accounting for all European Union member states) that will face higher tariffs of up to 50%, which go into effect on April 9. The new tariffs will stack on previous product-specific tariff rates.

US President Donald Trump has slapped Australia with a 10 per cent “reciprocal” tariff, and if you’re expecting fury from Aussies, think again.

Trump's tariffs appear straightforward at first glance, but they rely on a misconstrued formula that grossly misrepresents the complexities of international trade. Rather than basing tariffs on the actual rates imposed by other countries,

In April 2025, the United States government issued an Executive Order imposing sweeping reciprocal tariffs on imports from dozens of countries, marking a pivotal turn in global trade policy. ..

The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?

For example, if the U.S. is facing a significant trade deficit with Country A, the government may impose a reciprocal tariff to increase the cost of imports from that nation. This, in theory, helps to decrease the volume of imports while also encouraging consumers to purchase domestic alternatives, ultimately supporting local industries.

Reciprocal, retaliatory, uncertainty—these words now dominate discussions about tariffs, once a distant trade issue but now a daily concern. Companies across industries are scrambling to understand their implications and devise action plans.

As a free trade partner, Singapore can rightfully ask for exemption from the “baseline” tariffs. Read more at straitstimes.com. Read more at straitstimes.com.