🎯 Why Trump’s Reciprocal Tariffs Can Hurt Asia

What We’re Showing:

This chart highlights the difference in tariffs implemented by seven Asian economies on U.S. goods and vice versa. 

Data is sourced from CNBC, as of 2023 (with 2024 numbers used for South Korea, Philippines, and Taiwan).

Trump Wants to Balance All of America’s Trade

Seven of Asia’s largest economies (excluding China and Japan) tariff American exports to their countries at a higher rate than the U.S. currently tariffs their exports.

For example, U.S. exports to South Korea attracted more than 13% in tariffs, while the U.S. only placed 1.9% in extra charges for South Korean exports entering American markets.

It's these kinds of imbalances that has the president set to announce reciprocal tariffs: trying to match duties placed on American goods entering foreign markets.