European Union (EU):
Reciprocal Tariff:An additional 20% tariff was applied specifically to EU imports, bringing the total to 30%.
Tariffs on Japanese Imports:
Reciprocal Tariff: An additional 24% tariff was imposed specifically on Japanese imports, bringing the total to 34%. This higher rate was scheduled to take effect on April 9, 2025.
United Kingdom (UK):
Reciprocal Tariff:Unlike the EU, the UK was spared additional reciprocal tariffs due to strategic negotiations post-Brexit.
FYI, the top 10 trading partners with the US:
Canada: 13.5%
Switzerland: 5.3%
Japan: 3.9%
Ireland: 3.1%
Vietnam: 2.9%
In the video above, I outline the technicals that will now drive the major currencies given the sharp moves.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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