Trump's Trade Tariffs: Which Countries will be most impacted?
The two charts above only tell the story up to 2023 from the Tariffs imposed during Trump's first term together with those imposed by the Biden administration. And we have to wait till 1 August to see what Trump does-- TACO out again, or follow through on what he said, or make some adjustments. So far, as of today, the UK, Vietnam and Indonesia have 'caved in' to avoid the punishing Tariffs on them announced by Trump. Japan is particularly vulnerable due to its exports of automobiles, steel and machinery to the USA but is holding up strong to Trump. Germany's very high Trade/GDP ratio at first sight seems to suggest its very vulnerable. But it is part of the EU and has some relief and exemptions from trade Agreements negotiated between USA and EU. I am not sure why Indonesia bowed to Trump. Its Trade/GDP ratio is very low. Unless its all about Palm Oil which has a large market in the US , also President Prabowo is streetsmart and wily and knows to to pander to Trump...