The Donald Trump administration’s latest round of tariffs create a fresh labyrinth of rules for traders and countries.
Here are some striking and unexpected outcomes from the US’s leap back towards protectionism.
Asian countries take a double hit
Many of the highest tariff rates announced by Trump on Wednesday apply to Asian countries, with Cambodia facing tariffs of 49 per cent, Vietnam 46 per cent, Thailand 37 per cent, Taiwan 32 per cent and Indonesia 32 per cent, all well above the blanket 20 per cent rate imposed on US imports from the EU, for example.
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