Winners and losers from Trump's new 15% global tariff

Feb 23 (Reuters) - The ‌U.S. Supreme ​Court ​annulment of President Donald Trump's "reciprocal" tariffs justified on national emergency grounds and ‌Trump's subsequent move to impose a temporary ⁠15% global tariff have thrown world trade into a ‌new bout of confusion.

For ‌some countries - notably China and Brazil - the new 15% baseline is substantially lower than the ​U.S. tariffs they had been dealing with.

But for the couple of dozen countries ⁠that had sought to avoid the impact of the reciprocal tariffs ​by clinching bilateral deals with the United States - Britain, the European Union and ​Japan among them - the ‌question now is whether those deals will stick.

Both the EU and Britain ⁠have signalled a desire to retain those deals. However, some commentators argue the U.S. Supreme Court ⁠ruling, by annulling the legal basis for the reciprocal tariffs ​that they sought to avoid, also raises questions over whether the deals themselves will stay in place.

Below is ‌a chart setting out potential winners and losers from the new ‌15% global tariff, comparing it to the level ⁠trading partners were ‌dealing with before ​the court ruling.

(Graphic by P.K. Dutta; Writing by Mark John; Editing by Anil ‌D'Silva)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Chinese rescue work in Tibet flood disaster zone still trudging along days later
• Analysts react to global bond selloff
• OpenAI says Apple has only itself to blame in trade-secret fight