<ul><li>United States president Donald Trump announced a series of reciprocal tariffs affecting over 180 countries.</li><li>A 10% baseline tariff will be imposed on all countries beginning April 5 and 'worst offenders' will face individualised tariffs up to 50%.</li><li>Key trading partners such as the European Union (20%), China (34%), Vietnam (46%), and Malaysia (24%) will be affected.</li><li>China and Hong Kong will no longer enjoy duty-free de minimis treatment for imported goods from May 2.</li></ul>

Trump reveals reciprocal tariffs – 10% on all countries; individualised rates of up to 50%; Malaysia affected

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