In a press conference at the White House Rose Garden, President Donald Trump unveiled new “reciprocal” tariffs on imports to the US. These tariffs range from 10% for countries with relatively lower tariffs on US goods to 46% on Vietnam and 49% on Cambodia. The UK was spared the highest tariffs and given the lowest “discounted” rate.
However, it is unclear whether this will be in addition to the confirmed 25% tariff on car exports to the US.
Davide Castellani, Professor of International Business, Henley Business School, explores the potential impact of Trump’s reciprocal tariffs announcement on businesses and consumers.
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