[Official] US announces new tariffs on most countries

Volunteer Section Leader, Clearing and Applications Advisor

This is now the official thread for the tariffs the US have introduced and announced on most other countries.

The Guardian have compiled a full list here: https://www.theguardian.com/business/2025/apr/03/trumps-tariffs-the-full-list

This is already causing a significant market reaction, with most stocks down significantly since the tariff announcement, and fears of a US and global recession: https://www.bbc.co.uk/news/articles/cx26v8x24w1o

(edited 8 months ago)

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Reply 1

Kutie Karen

Will we be hit with tarriffs?

Reply 2

Quady

Original post

by Kutie Karen

Will we be hit with tarriffs?

I won't be.

Will you?

Reply 3

StriderHort

'probably/sort of'

I dunno about anyone else but I don't buy much from the US anyway.

Reply 4

Lutrinae-Sys

Original post

by StriderHort

'probably/sort of'
I dunno about anyone else but I don't buy much from the US anyway.

it mostly affects big companies... which will pass costs onto consumers, so it really depends on stuff like "what do we have to import from the states"
off the top of my head i can't think of anything though, so we're probably fine. maybe smth dumb like wheat/corn from wyoming

Reply 5

Gazpacho.

To clarify as people seem to be getting muddled up.

Any tariffs introduced by Trump are not on exports from America, they are a tax paid on imports to America by the importer. So the UK companies that are going to get hit are exporters as their goods will become more expensive for American importers/consumers.

Any reciprocal tariffs introduced by the UK government will push up prices of American imports to the UK though.

Reply 6

Quady

Original post

by StriderHort

'probably/sort of'
I dunno about anyone else but I don't buy much from the US anyway.

Eh? How would buying things from the US be affected by US tariffs?

Surely only really affects exporters to the US.

Reply 7

Tracey_W

Original post

by Quady

Eh? How would buying things from the US be affected by US tariffs?
Surely only really affects exporters to the US.

The prices on all goods from USA or Europe etc coming into the UK will probably have to rise and be passed on to us the consumer as retailers etc will not forever keep the prices down 👎 👎 👎.... It's probably be the same thing elsewhere in the world when they import goods from other countries.

Reply 8

Quady

Original post

by Tracey_W

Why would goods from Europe rise in price as the US increases its import tarrifs?

Reply 9

Tracey_W

Original post

by Quady

Why would goods from Europe rise in price as the US increases its import tarrifs?

Cause they import goods as well from USA so they might increase prices.....

Remember that all countries can put tariffs onto goods as well....

Reply 10

Tracey_W

Original post

by Quady

Why would goods from Europe rise in price as the US increases its import tarrifs?

Tariff
A tariff is a duty imposed by the government of a country or customs territory, or by a supranational union, on imports of goods. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry.

Why are tariffs bad.....
For starters, tariffs essentially act as a flat tax on spending, which ultimately puts a higher burden on lower-income consumers.

Reply 11

Wired_1800

President Trump has announced the tariff scheme

UK: 10%
EU: 20%
Rest of the world: baseline of 10%
Car imports: 25%

PM Starmer has claimed that he is negotiating exemptions for Britain.

Reply 12

Quady

Original post

by Tracey_W

Cause they import goods as well from USA so they might increase prices.....
Remember that all countries can put tariffs onto goods as well....

But they've not changed their tariffs...?

Reply 13

Quady

Original post

by Tracey_W

Tariff
A tariff is a duty imposed by the government of a country or customs territory, or by a supranational union, on imports of goods. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry.
Why are tariffs bad.....
For starters, tariffs essentially act as a flat tax on spending, which ultimately puts a higher burden on lower-income consumers.

Uh-huh....

But I asked how the US putting tariffs on its imports would mean price rises for imports to the UK from Europe...

Surely Europe will need to dump its products on markets other than the US...

Reply 14

StriderHort

Original post

by Quady

Eh? How would buying things from the US be affected by US tariffs?
Surely only really affects exporters to the US.

As above I'm speaking about reciprocal tariffs we impose.

Reply 15

AMac86

Original post

by Quady

Uh-huh....
But I asked how the US putting tariffs on its imports would mean price rises for imports to the UK from Europe...
Surely Europe will need to dump its products on markets other than the US...

In addition to the reciprocal tariff risk, the other way prices might rise is that the US tariffs don't just apply to finished goods going to market, they apply to the import of materials and components along the way and the world is *incredibly* interconnected in this way.

Eg: A European manufacturer could have part of their manufacturing based in the US, which ships components for final assembly to Europe. the US manufacturing stage in turn might source material and components from China/Mexico/Canada etc... so the US tariff applies on the import of the materials into US, which then increases prices along the rest of the chain.

Reply 16

Quady

Original post

by StriderHort

As above I'm speaking about reciprocal tariffs we impose.

Oh reet, are we doing that?

Reply 17

FourLeggedFriend

Original post

by Quady

Uh-huh....
But I asked how the US putting tariffs on its imports would mean price rises for imports to the UK from Europe...
Surely Europe will need to dump its products on markets other than the US...

They've caused massive instability in global markets which pushes prices up across the board and slows growth. Plus, even though the final product might be a non-US trade, goods or services used in its manufacture/creation may have come through the US, pushing the cost along the supply chain.

Reply 18

Wired_1800

Original post

by Quady

Oh reet, are we doing that?

Yes, we are.

I think there is a media trick that’s going on where the messaging claims that President Trump is simply doing it to cause chaos. When you peel back the layers, one would see that many countries do cheat the US.

For example, it is known that the EU bloc offers a protectionist policy and non-members tend to have a hard time (we are experiencing it too). Last night, their spokesperson tried to claim that the US tariffs were random.

Reply 19

Quady

Original post

by Wired_1800

Yes, we are.
I think there is a media trick that’s going on where the messaging claims that President Trump is simply doing it to cause chaos. When you peel back the layers, one would see that many countries do cheat the US.
For example, it is known that the EU bloc offers a protectionist policy and non-members tend to have a hard time (we are experiencing it too). Last night, their spokesperson tried to claim that the US tariffs were random.