Trump unveils global reciprocal tariffs

President Donald Trump on Wednesday unveiled global reciprocal tariffs during an event at the White House.

Following are highlights of Trump's remarks:

* "In many cases, the friend is worse than the foe in terms of trade," Trump said.

* "We subsidize a lot of countries and keep them going and keep them in business," Trump said about trade partners, specifically Mexico and Canada. "Why are we doing this? I mean, at what point do we say you got to work for yourselves."

RECOMMENDED FOR YOU

A wake-up call: The countdown for Latin American democracy — Opinion

* "We are finally putting American first," Trump said.

* "Trade deficits are no longer merely an economic problem. They are a national emergency," Trump said.

* Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the first board and up to 50% on later boards.

* With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the U.S. on most countries was around half of what those countries charged. There were some exceptions in which the U.S. charged the exact rates that those countries charged, according to the chart.

* "This is not full reciprocal, it is kind reciprocal," Trump said.

* Following is the list of new tariff rates Trump displayed.

Algeria 30%

Oman 10%

RECOMMENDED FOR YOU

New Asia Forum: Indonesia to set out progress on sustainable AI data centres

Uruguay 10%

Bahamas 10%

Lesotho 50%

Ukraine 10%

Bahrain 10%

Qatar 10%

Mauritius 40%

Fiji 32%

RECOMMENDED FOR YOU

Rwanda secures 10-year deal to host Formula One Grand Prix

Iceland 10%

Kenya 10%

Liechtenstein 37%

Guyana 38%

Haiti 10%

Bosnia and Herzegovina 35%

Nigeria 14%

Namibia 21%

RECOMMENDED FOR YOU

Are universities failing us? Global South Thinkers LIVE

Brunei 24%

Bolivia 10%

Panama 10%

Venezuela 15%

North Macedonia 33%

Ethiopia 10%

Chana 10%

Country U.S. reciprocal tariffs

RECOMMENDED FOR YOU

Mudslides sweep away vehicles, flood homes in Chile's Santiago

China 34%

European Union 20%

Vietnam 46%

Taiwan 32%

Japan 24%

India 26%

South Korea 25%

Thailand 36%

RECOMMENDED FOR YOU

‘Brazil has no president’ - Flavio Bolsonaro challenges Lula at Sao Paulo rally

Switzerland 31%

Indonesia 32%

Malaysia 24%

Cambodia 49%

United Kingdom 10%

South Africa 30%

Brazil 10%

Bangladesh 37%

RECOMMENDED FOR YOU

Lula rallies thousands in Brazil's Minas Gerais ahead of presidential run-off

Singapore 10%

Israel 17%

Philippines 17%

Chile 10%

Australia 10%

Pakistan 29%

Turkey 10%

Sri Lanka 44%

RECOMMENDED FOR YOU

Brazil’s plan to supercharge exports through port expansion programme

Colombia 10%

Country U.S. reciprocal tariffs

Peru 10%

Nicaragua 18%

Norway 15%

Costa Rica 10%

Jordan 20%

Dominican Republic 10%

RECOMMENDED FOR YOU

Could Africa finance nuclear power by taking the world’s radioactive waste?

United Arab Emirates 10%

New Zealand 10%

Argentina 10%

Ecuador 10%

Guatemala 10%

Honduras 10%

Madagascar 47%

Myanmar (Burma) 44%

RECOMMENDED FOR YOU

Why recycling struggles when new plastic is cheap — and how India is trying to change that

Tunisia 28%

Kazakhstan 27%

Serbia 37%

Egypt 10%

Saudi Arabia 10%

El Salvador 10%

Côte d'Ivoire 21%

Laos 48%

RECOMMENDED FOR YOU

‘It is Bolsonaro!’ - Supporters rally against Lula ahead of Brazil runoff

Botswana 37%

Trinidad and Tobago 10%

Morocco 10%