Trump to Announce Reciprocal Tariffs

This is a U.S. news story, published by CNBC, that relates primarily to Barclays news.

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specific tariffs

CNBC

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World

Asian economies scramble to appease Trump as the U.S. president ratchets up tariff threats

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Most economies in Asia had higher average tariffs on imports compared with the U.S. as of 2023 , Barclays said, citing data from the World Trade Organization .

Trump said Friday that he would announce reciprocal tariffs as soon as Tuesday , to take effect immediately.

"Just because these economies have dodged tariffs for now, [it] doesn't mean they can breathe easy," senior economist at Moody's Analytics told CNBC .

Japan appears to have secured a positive relationship with Trump and could be be shielded from higher tariffs "for now," analysts say.

Beijing 's retaliatory tariffs on select U.S. imports came into effect on Monday , following what appeared to have been a failed attempt to arrange a call between President Xi Jinping and Trump .

Tokyo maintains relatively low tariffs of around 3.7% on countries with MFN status.

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