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US Tariff Policy: Countries Affected and Exemptions
BY Connect Newsroom, Apr 3, 2025 6:32 PM - REPORT AN ERROR
This decision has led many to question why major trading partners like India, the European Union, and Vietnam have been hit with heavy tariffs while these countries were not.(Photo: The Canadian Press)
US President Donald Trump has targeted several countries with reciprocal tariffs ranging from 10% to 50%. However, some nations, including Russia, North Korea, Cuba, and Belarus, have been left off the list.
This decision has led many to question why major trading partners like India, the European Union, and Vietnam have been hit with heavy tariffs while these countries were not.
US Treasury Secretary Scott Bessent explained that Russia and North Korea were excluded because the US does not trade with them due to sanctions. He also noted that Canada and Mexico were not included in the new tariffs because they were already subject to a 25% tariff.
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