- Trump hits India with 'discounted' 26% tariffs
"India, very, very tough," he said as he finally announced his 'Liberation Day' tariffs: "They charge us 52% ... We charge them almost nothing." Indian neighbours Bangladesh (37%), Sri Lanka (44%), Myanmar (44%) and Pakistan (29%) have been hit with even higher rates. China faces 34%, Taiwan 32%, and the EU 20%. But some of the stiffest tariffs have been imposed on southeast Asia: Vietnam with 46%, Thailand 36%, Laos 48%, and Cambodia 49%. Trump's 25% tariff on foreign car imports, announced earlier, also kicks in today.