On April 8, 2025, U.S. President Donald Trump delivers remarks while signing energy-related executive orders at the White House in Washington, D.C.
Nathan Howard | Reuters
A fresh set of significant tariffs initiated by President Donald Trump took effect early Wednesday on imports from a multitude of countries globally.
This latest round of reciprocal tariffs surpasses a baseline of 10% imposed on several countries over the preceding weekend.
In total, imports from 86 nations are now subjected to increased tariffs varying from 11% to 84%.
China will incur a cumulative tariff of 104% on its exports to the United States, which includes a previously established 20% duty, an additional 34% tariff, and a last-minute increase of 50% that Trump authorized late Tuesday.
Following China, Lesotho faces the highest individual tariff rate in this new round, with its exports to the U.S. incurring a 50% duty.
Cambodia follows closely, with its imports now subject to tariffs of 49% beginning Wednesday.
Two neighboring countries of Cambodia in Southeast Asia, Laos and Vietnam, will face duties of 48% and 46% respectively.
U.S. stock market indices have recorded losses for four consecutive days following Trump’s tariff announcement on April 2.
The White House and Trump have downplayed the implications of the stock market drops.
“America will soon become very wealthy again,” Trump stated at the White House on Tuesday.
On April 8, 2025, workers are seen processing electronic goods, including data cables, on the production line in an electronics factory located in the Guangdong-Guangxi Cooperative Industrial Park in Rongan County, Liuzhou, in the Guangxi Zhuang Autonomous Region of South China.
CFOTO | Future Publishing | Getty Images
Asian markets were observed trading lower on Wednesday as the newest tariffs came into force, with South Korea’s Kospi index entering bear market territory.
