US President Trump Unveils Major Tariff Overhaul, Terms it ‘Liberation Day’
Washington D.C., April 3, 2025: U.S. President Donald Trump announced on Wednesday sweeping new tariffs on imports into the United States, significantly favoring India compared to China, Pakistan, and several other trading partners. Calling the move a declaration of “economic independence,” Trump unveiled a 10% baseline tariff on all imports, while setting notably higher rates for specific countries.
India Receives a Lower Tariff, China and Pakistan Face Stricter Measures
Under the new tariff structure, imports from India will face a 26% tariff, significantly lower than China’s 34% and Pakistan’s 29%. Bangladesh, meanwhile, faces the steepest tariff at 37%. In contrast, countries like the United Kingdom, Brazil, Turkey, Australia, and Canada will benefit from a lower tariff rate of just 10%.
Highlighting India’s special treatment, Trump displayed a chart during a White House press briefing, stating, “India imposes a 52% tariff on American goods, yet we are giving our great friend India a lower tariff of 26%.”
Tariff Rates by Country:
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China: 34%
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European Union: 20%
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South Korea: 25%
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India: 26%
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Vietnam: 46%
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Taiwan: 32%
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Japan: 24%
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Thailand: 36%
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Switzerland: 31%
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Indonesia: 32%
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Malaysia: 24%
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Cambodia: 49%
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United Kingdom: 10%
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South Africa: 30%
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Brazil: 10%
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Bangladesh: 37%
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Singapore: 10%
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Israel: 17%
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Philippines: 17%
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Chile: 10%
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Australia: 10%
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Pakistan: 29%
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Turkey: 10%
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Sri Lanka: 44%
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Colombia: 10%
Canada and Mexico Exempted Due to Existing Agreements
Trump further confirmed that Canada and Mexico are exempt from these new tariffs, citing existing agreements under the United States-Mexico-Canada Agreement (USMCA). According to the White House statement, goods under the USMCA will remain tariff-free, while non-USMCA items from these countries will incur a 25% tariff.
“America provides Canada $200 billion annually. Countries must start working for themselves; we subsidize many countries,” Trump added during the briefing.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.