Other sanctioned nations—Belarus, Cuba, and North Korea—were also exempt from tariffs. Meanwhile, major U.S. partners Canada and Mexico, previously targeted by Trump’s tariffs, were spared. China, already facing a 20% tariff due to its alleged role in fentanyl trafficking, saw its rate jump to 54% under the new measures.

President Donald Trump on Wednesday unveiled his reciprocal tariffs plan, announcing at least 10% additional rates on practically all goods imported to the United States. The 78-year-old, during his speech at the White House Rose Garden,

President Donald Trump announced reciprocal tariffs of at least 10% on multiple economies - however excluded Russia, Canada, and North Korea. Calling it "Liberation Day," he imposed 34% on China, 20% on the EU,