Trump's bid to upend US trading relations could prove costly, here's why US allies could be fuming at him

Donald Trump's call to balance the US trade relations with other countries may be an interesting move ahead, but some US allies may take a huge hit after the proposed imposition of reciprocal tariffs by the new US President.

From Asia to South America, countries that have high import duties on US goods may face the wrath of reciprocal tariffs to be imposed by the US government. This reportedly includes the likes of Vietnam, the Philippines, Brazil, South Africa, Indonesia, and many others. Countries with high tariff rates, including Kenya, Argentina, Mexico, and others would be in the spotlight for Trump, according to reports.

US allies to also face reciprocal tariffs?

Among US' top allies, Israel and South Korea may also have to bear the brunt of the proposed reciprocal tariffs, unless Donald Trump has a sudden change of heart. According to a Yahoo Finance report, it is still unclear about how Donald Trump will measure the reciprocal tariffs, or if he intends to lower import duties for some countries. However, there is a high chance that countries with high tariff percentages would be in focus in this new initiative by Donald Trump.


The chances of the rollout of the reciprocal tariffs could happen anytime within the next few hours, based on the recent statements by White House officials about the same.

FAQs:

Is the US implementing reciprocal tariffs?
There are chances that Donald Trump will be slapping reciprocal tariffs on countries that charge high import duties for US goods.

Is Donald Trump the new US President?
Yes, Donald Trump is the new US President, and he has taken over from Joe Biden after the inauguration ceremony on January 20.