Among the reciprocal tariff levels Trump announced:
China: 34%
European Union: 20%
South Korea: 25%
India: 26%
Vietnam: 46%
Taiwan: 32%
Japan: 24%
Thailand: 36%
Switzerland: 31%
Indonesia: 32%
Malaysia: 24%
Cambodia: 49%
United Kingdom: 10%
Rest of the world: 10%
As I understand it, that “rest of the world” is actually a base tariff, and the rest of these are ON TOP OF that.
So China is actually 44%, etc
Who knows? I think they don’t get it either.