INTERACTIVE: How world reacts to Trump’s tariffs hike

 By SHYAFIQ DZULKIFLI

 

 

 

 

 

PETALING JAYA: More than 20 countries including Malaysia are actively seeking to negotiate with the United States over newly imposed reciprocal tariffs, in an effort to mitigate potential economic fallout.

Japan has dispatched a team to Washington to push for a revision of U.S. tariff policies, while Malaysia is expected to send trade officials to open discussions with American counterparts.

So far, seven countries have responded by offering concessions.

Vietnam pledged to reduce tariffs on U.S. imports to zero, while Taiwan offered to slash its import tariffs as a starting point for negotiation.

Only a handful of the largest exporters have retaliated so far.

China, hit with a 34% tariff, responded with an equivalent 34% duty on all U.S. imports — a tit-for-tat move that triggered a sharp escalation.

In response, the U.S. administration announced a new 104% tariff on Chinese goods effective April 9.

Canada, one of the U.S.’s key trading partners, has already imposed retaliatory tariffs on various American products after facing a 24% levy on its export goods.

The European Union, subject to a 20% tariff, has expressed interest in negotiating but is reportedly drawing up a list of U.S. goods to target should talks break down.

The reciprocal tariffs — introduced by President Donald Trump during a “Liberation Day” event on April 2 — impose a baseline 10% duty on all imports beginning April 5.

Higher rates applied to 57 countries starting April 9.

Among the hardest hit are Lesotho, Cambodia, and Laos, which now face tariffs of 50%, 49%, and 48%, respectively.

Malaysia is also on the list, contending with a 24% tariff under the new measures.