Berliner Boersenzeitung - What is the state of play with Trump's tariffs?

EUR -
AED 4.274818
AFN 80.306541
ALL 97.240019
AMD 446.875897
ANG 2.082959
AOA 1067.259829
ARS 1468.196782
AUD 1.78422
AWG 2.094948
AZN 1.978956
BAM 1.959791
BBD 2.350486
BDT 141.207538
BGN 1.952945
BHD 0.438796
BIF 3405.454207
BMD 1.16386
BND 1.495339
BOB 8.04445
BRL 6.46268
BSD 1.16407
BTN 100.01523
BWP 15.72322
BYN 3.809658
BYR 22811.654978
BZD 2.338382
CAD 1.594308
CDF 3358.900146
CHF 0.931711
CLF 0.029337
CLP 1125.7784
CNY 8.348318
CNH 8.355252
COP 4674.061551
CRC 587.393576
CUC 1.16386
CUP 30.842289
CVE 111.206859
CZK 24.647876
DJF 206.841435
DKK 7.463584
DOP 70.163317
DZD 151.511194
EGP 57.510044
ERN 17.457899
ETB 158.925196
FJD 2.622529
FKP 0.868904
GBP 0.867481
GEL 3.154216
GGP 0.868904
GHS 12.106869
GIP 0.868904
GMD 83.211504
GNF 10074.371387
GTQ 8.932188
GYD 243.548025
HKD 9.136266
HNL 30.667827
HRK 7.533674
HTG 152.851248
HUF 399.517034
IDR 18979.064169
ILS 3.910866
IMP 0.868904
INR 99.951303
IQD 1524.656532
IRR 49027.599692
ISK 142.119157
JEP 0.868904
JMD 186.149052
JOD 0.82517
JPY 171.944596
KES 150.713635
KGS 101.77994
KHR 4678.717067
KMF 494.204001
KPW 1047.533912
KRW 1613.69044
KWD 0.355594
KYD 0.970088
KZT 613.937513
LAK 25098.639435
LBP 104223.65863
LKR 351.044826
LRD 233.93589
LSL 20.867839
LTL 3.436576
LVL 0.704007
LYD 6.296726
MAD 10.546314
MDL 19.766505
MGA 5155.899943
MKD 61.685609
MMK 2443.040881
MNT 4174.42453
MOP 9.412748
MRU 46.228082
MUR 52.966978
MVR 17.925753
MWK 2021.044303
MXN 21.80047
MYR 4.940592
MZN 74.440892
NAD 20.868436
NGN 1780.623871
NIO 42.77219
NOK 11.926771
NPR 160.024856
NZD 1.958503
OMR 0.447504
PAB 1.16408
PEN 4.136328
PGK 4.810524
PHP 66.334185
PKR 331.292637
PLN 4.257043
PYG 9014.355776
QAR 4.23715
RON 5.071874
RSD 117.143657
RUB 91.069694
RWF 1671.884815
SAR 4.36548
SBD 9.682802
SCR 16.934503
SDG 698.895897
SEK 11.3172
SGD 1.493181
SHP 0.914611
SLE 26.128825
SLL 24405.56577
SOS 665.143965
SRD 43.206559
STD 24089.551096
SVC 10.185741
SYP 15132.368948
SZL 20.867995
THB 37.755932
TJS 11.146393
TMT 4.085148
TND 3.378104
TOP 2.725874
TRY 46.843937
TTD 7.899051
TWD 34.158163
TZS 3043.493495
UAH 48.747993
UGX 4171.494342
USD 1.16386
UYU 47.08588
UZS 14891.58781
VES 135.967975
VND 30446.576236
VUV 138.992047
WST 3.204456
XAF 657.29261
XAG 0.030704
XAU 0.000347
XCD 3.14539
XDR 0.817968
XOF 654.08933
XPF 119.331742
YER 280.89754
ZAR 20.741834
ZMK 10476.135178
ZMW 26.542276
ZWL 374.762428
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

What is the state of play with Trump's tariffs?
What is the state of play with Trump's tariffs? / Photo: Brendan SMIALOWSKI - AFP/File

What is the state of play with Trump's tariffs?

With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in.

Text size:

Here is a rundown of what Trump has implemented in his second presidency, with levies on dozens of economies set to bounce from 10 percent to a range between 11 percent and 50 percent on Wednesday.

- Global tariffs -

While Trump imposed a 10 percent tariff on most US trading partners in April, the rate is set to rise for dozens of economies including the European Union and Japan come Wednesday.

To avoid higher levies, countries have been rushing to strike deals with Washington.

So far, the UK and Vietnam have struck pacts with the United States, while China has managed to temporarily lower tit-for-tat duties.

There are notable exceptions to the duty.

Immediate US neighbors Canada and Mexico, which were separately targeted over illegal immigration and fentanyl, are not affected by the 10 percent global tariff.

Also off the hook are copper, pharmaceuticals, semiconductors and lumber -- although these are sectors that Trump is mulling levies on. Gold and silver, as well as energy commodities, are excluded too.

- China focus -

China has borne the brunt of Trump's levies. The world's two biggest economies engaged in an escalating tariffs war this year before a temporary pullback.

Both sides imposed triple-digit tariffs on each other's goods at one point, a level effectively described as a trade embargo.

After high level talks, Washington agreed to lower its levies on Chinese goods to 30 percent and Beijing slashed its own to 10 percent.

The US level is higher as it includes a 20 percent tariff imposed over China's alleged role in the global fentanyl trade.

- Autos, metals -

Trump has also targeted individual business sectors in his second term.

In March, he imposed a 25 percent levy on steel and aluminum imports and last month doubled them to 50 percent.

He has also rolled out a 25 percent tariff on imported autos, although those imported under the US-Mexico-Canada Agreement (USMCA) can qualify for a lower levy.

Trump's auto tariffs impact vehicle parts too, while the president has issued rules to ensure automakers paying vehicle tariffs will not also be charged for certain other duties.

- Canada, Mexico -

Canadian and Mexican products were initially hard hit by 25 percent US tariffs, with a lower rate for Canadian energy.

Trump targeted both neighbors saying they did not do enough on illegal immigration and the flow of illicit drugs across borders.

But he eventually announced exemptions for goods entering his country under the USMCA, covering large swaths of products. Potash, used as fertilizer, got a lower rate as well.

- Other threats -

Beyond expansive tariffs on Chinese products, Trump ordered the closure of a duty-free exemption for low-value parcels from the country. This adds to the cost of importing items like clothing and small electronics.

Trump has also opened the door for 25 percent tariffs on goods from countries importing Venezuelan oil. He has threatened similar "secondary tariffs" involving Russian oil.

And he has ordered investigations into imports of copper, lumber, semiconductors, pharmaceuticals and critical minerals that could eventually bring new duties.

- Legal challenges -

Trump's sweeping tariffs on countries have faced legal challenges. The US Court of International Trade ruled in May that Trump had overstepped his authority with across-the-board global levies.

It blocked many of the duties from going into effect, prompting the Trump administration's challenge, and a US federal appeals court has since allowed the duties to remain while it considers the case.

(S.G.Stein--BBZ)