Part 2/8:
Countries worldwide have been navigating the threat of hefty US tariffs, which varied drastically based on their diplomatic and trade relationships with Washington. Nations such as India and Taiwan are facing tariffs of 20% and above, sharply impacting their exports. Southeast Asian country Laos is bearing the brunt with a towering 40% duty, second only to Syria’s 41%. Even long-standing allies have not been spared; Canada is hit with a 35% levy, while Israel, Japan, and the European Union face a 15% tariff.