(FT) Donald Trump’s new flat-rate tariff is a boost for China and Brazil and hits US allies including UK, EU and Japan the hardest

Donald Trump’s new 15 per cent global tariff will most greatly benefit countries he has singled out for heavy criticism, including China and Brazil, data analysis shows.

An examination of the new regime by independent trade monitoring body Global Trade Alert found that Brazil will enjoy the biggest reduction in average tariff rates — falling by 13.6 percentage points — followed by China, with a 7.1 percentage point reduction.

Long-standing US allies including the UK, the EU and Japan will suffer the largest hit from the new levy, which the US president introduced after the Supreme Court ruled much of his previous trade policy unlawful on Friday.

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Posted in * Economics, Politics, Economy, Foreign Relations, Globalization, Office of the President, President Donald Trump

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