At 4 a.m. Beijing time on April 3, Trump officially announced that a 10% base tariff would be imposed on all countries, which will take effect at 0:01 a.m. Eastern Time on April 5.
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The chart presented by Trump showed that the United States imposed a "reciprocal tariff" of 34% on China, a "reciprocal tariff" of 20% on the European Union, a "reciprocal tariff" of 10% on Brazil and the United Kingdom, a "reciprocal tariff" of 31% on Switzerland, a "reciprocal tariff" of 26% on India, a "reciprocal tariff" of 25% on South Korea, a "reciprocal tariff" of 24% on Japan, a "reciprocal tariff" of 32% on Indonesia, a "reciprocal tariff" of 36% on Thailand, a "reciprocal tariff" of 46% on Vietnam, and a "reciprocal tariff" of 49% on Cambodia.
Southeast Asian countries are seriously hurt by the tariff increase this time!
The United States unceremoniously threw a tariff penalty ticket of up to 49% to Cambodia. Vietnam, Madagascar and other countries were not spared either. Most of them were hit hard by the "heavy tax" of 40%+. Even the Philippines, which has always followed the pace of the United States, could not avoid the impact of the 17% tariff. Those companies that once vowed to "leave China, we can still live well" are now facing plummeting orders and zero profits. I am afraid they can only lament in their hearts: "I thought I got a bargain, but I stepped into a big pit. This time I really lost a lot!" How happy I was when I moved, how much I regret now. Facts have proved that those companies that "fled from China" eventually fell into the tariff trap carefully set by the United States.
Recently, I saw a post from a Vietnamese shoe factory owner on WeChat Moments that made me sigh: "I worked hard for a whole year, but the tariffs went up and we are back to the days before liberation. If I had known this would happen, I really shouldn't have moved out of Dongguan!" In the comment section of this post, colleagues sighed and complained. The reason behind this is that this sudden "tariff disaster" exposed three heartbreaking truths.
