President Donald Trump will announce a barrage of self-described “reciprocal” tariffs on friends and foes alike after weeks of hype and anxiety.

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%

  • @OldWoodFrame@lemm.eeEnglish
    36•1 day ago

    I don’t have a ton of “the court is wrong” opinions, but Article 1 section 8 of the Constitution flatly gives Congress the responsibility of regulating trade and imposing tariffs. The President just doesn’t (shouldn’t) have the authority to change rates. The executive needs to execute the will of the Legislative branch.

    • @TheFonz@lemmy.worldEnglish
      6•1 day ago

      Congress is pretty much dead. Repubs have lost whatever was the last vertebrae they had in their spine