Donald Trump unveiled his long-trailed and much-dreaded new list of tariffs. They were worse than expected. Mr Trump announced import levies of 10% on all goods entering America, but the European Union will face reciprocal tariffs of 20%, India 27%, Japan 24%, Vietnam 46% and China an additional 34%, taking its overall tariff rate to 65%. Many other countries also received higher tariffs. Mr Trump’s other punitive duties placed on industries such as cars and steel will at least avoid the additional country rates. Goods from Mexico and Canada that do not comply with the North American trade pact will still face the previously announced 25% tariff.