US President Donald Trump launched a new campaign under the slogan "Reciprocal Tariff" aimed at imposing tariffs that reflect the bearings of US exports abroad, after revealing data showing a large disparity in tariffs between the United States and its trading partners around the world.
At the forefront of the targets of this campaign, came China, the European Union and India, countries that Trump considered “the most exploiting the American market.”
Duties on U.S. Products Suggested U.S. Duties
China 67% 34%
European Union 39% 20%
India 52% 26%
Vietnam 90% 46%
Japan 46% 24%
South Korea 50% 25%
Trump said in his remarks that his country will no longer allow “unequal trade transactions,” noting that this step comes within the framework of protecting American industries from unfair competition.
As for the Arab countries, the official data were as follows:
Duties on US products Suggested US tariffs
Syria 81% 41%
Jordan 40% 20%
UAE 10% 10%
Saudi Arabia 10% 10%
Tunisia 55% 28%
Egypt 10% 10%
Morocco 10% 10%
Libya 61% 31%
The Dow Jones fell 0.3% as investors are concerned about escalating global trade tensions.
Shares of technology companies remained steadfast, amid expectations of supporting domestic US industries, while US bond yields rose, amid fears of increased inflation.
Oil prices have risen slightly in anticipation of any tension in relations with oil producers in the Middle East.
This campaign is seen as an attempt to re-engineer the global trade landscape, ensuring equal treatment of American products in world markets.
It is also a pressure on partners, especially in Asia and Europe, and is a strong pressure paper on both China, India and the European Union to renegotiate the terms of trade and tariffs.
Simultaneously, there are fears of possible repercussions on supply chains, as increased tariffs could raise the prices of some goods within the United States, especially in the electronics, clothing and spare parts sectors.
Trump's tariff strategy, whether towards Arab countries or major economies, reflects an escalation trend to re-impose American bargaining power in the global trading system.
While these measures are aimed at protecting the national economy, they carry challenges in terms of prices, supply chains, and geopolitical relations.