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QUOTES-Trump unveils global reciprocal tariffs

ReutersApr 2, 2025 8:37 PM

- President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.

Following are highlights of Trump's remarks:

* "In many cases, the friend is worse than the foe in terms of trade," Trump said.

* "We subsidize a lot of countries and keep them going and keep them in business," Trump said about trade partners, specifically Mexico and Canada. "Why are we doing this? I mean, at what point do we say you got to work for yourselves."

* "We are finally putting American first," Trump said.

* "Trade deficits are no longer merely an economic problem. They are a national emergency," Trump said.

* Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the board.

* With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the U.S. on most countries was around half of what those countries charged. There were some exceptions in which the U.S. charged the exact rates that those countries charged, according to the chart.

* "This is not full reciprocal, it is kind reciprocal," Trump said.

* Following is the list of new tariff rates Trump displayed.

Algeria

30%

Oman

10%

Uruguay

10%

Bahamas

10%

Lesotho

50%

Ukraine

10%

Bahrain

10%

Qatar

10%

Mauritius

40%

Fiji

32%

Iceland

10%

Kenya

10%

Liechtenstein

37%

Guyana

38%

Haiti

10%

Bosnia and Herzegovina

35%

Nigeria

14%

Namibia

21%

Brunei

24%

Bolivia

10%

Panama

10%

Venezuela

15%

North Macedonia

33%

Ethiopia

10%

Chana

10%

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