The United States’ sweeping new round of reciprocal tariffs officially took effect this week, hitting dozens of countries with steep import duties—some as high as 104%. Despite early talks and diplomatic outreach, no country has secured a formal exemption from the Trump administration’s measures. President Donald Trump’s trade policy includes a baseline 10% duty on nearly all US trading partners, with escalated rates ranging from 11% to 50%—now in force for about 60 countries. These rates are based on trade imbalances, national security considerations, and reciprocity.

Countries huddling to negotiate trade deal?

Trump mocked world leaders attempting to negotiate exemptions. “These countries are calling me, kissing my ass,” he said. “Please, please sir, let me make a deal. I’ll do anything.” He also dismissed criticism from within the Republican Party: “You don’t negotiate like I negotiate.”

The comments came just as the White House confirmed a surge in tariffs on Chinese imports, which now face rates up to 104%. Trump had issued a noon deadline for Beijing to drop its 34% retaliatory tariffs or face the increase. China did not comply.

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India, Vietnam among targeted nations

US Trade Representative Jamieson Greer pointed out that India, with an average 39% tariff on agricultural imports, exemplifies the imbalance Trump aims to correct. Countries like India, Argentina, Vietnam, and Israel are reportedly considering tariff cuts in response to US pressure.

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Pharmaceutical sector next in line

Trump also announced plans for major tariffs on the pharmaceutical industry, targeting foreign drug manufacturers. “We’re going to tariff pharma in such a way that companies will come rushing back,” he said. “The advantage we have is—we’re a very big market.”