More than a dozen countries set for US reciprocal tariffs may face slightly higher levies than they first expected.
A White House annex listing future reciprocal tariff rates differed for at least 14 economies from what was on the charts presented when President Donald Trump announced his “Liberation Day” tariffs in the Rose Garden, according to a Bloomberg review of published data. In each case, they were higher by exactly one percentage point.
White House officials didn’t immediately return requests for comment from Bloomberg placed overnight.
In the annex document, India’s rate was listed at 27%, rather than the 26% shown previously. South Korea was at 26%, instead of 25%. Others with differing rates included Botswana, Cameroon, Malawi, Nicaragua, Norway, Pakistan, the Philippines, Serbia, South Africa, Thailand, Vanuatu, and the Falkland Islands.
This is important because, under the executive order implementing Trump’s reciprocal tariff policy, all US trading partners start at a global 10% tariff from April 5. Four days later, those listed in the annex — and only those in the annex — would have their rates elevated to those set out in that document.
Additionally, some overseas territories and possessions of larger countries — originally listed in the White House’s charts with tariff lines different from their parent nations — don’t appear at all in the annex.
Reunion, an island in the Indian Ocean between Mauritius and Madagascar that’s an overseas territory of France, was listed at 37% in Trump’s reciprocal tariff charts, but wasn’t included on the formal annex. Saint Pierre and Miquelon, a French archipelago near Canada, and Norfolk Island, an Australian territory two hours by plane east of Brisbane, were similarly left off the tariffs annex. France, as a European Union member, faces a 20% reciprocal tariff, while Australia is at the global minimum levy of 10%.
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