A baseline tariff of 10% will be imposed on imports to the United States, starting on 5 April.
It means that companies that bring foreign goods into the United States will have to pay the tax to the US government but this could have a knock-on effect to consumers.
Some countries, including the UK, will only face this base rate.
10% baseline tariff
Some countries will only face the base rate. These include:
- United Kingdom
- Singapore
- Brazil
- Australia
- New Zealand
- Turkey
- Colombia
- Argentina
- El Salvador
- United Arab Emirates
- Saudi Arabia
What is a tariff?
Countries have used them to protect domestic industries, such as agriculture and renewable energy, as well as to retaliate against other states’ unfair trade practices.
Tariffs are a form of tax applied on imports from other countries. Economists say the costs are largely passed on to consumers.