Trump Implements Sweeping Tariffs in Unprecedented Trade Policy Shift

A 10% baseline tariff on all imports and higher rates targeting 60 countries mark the most significant escalation in U.S. trade policy in nearly a century, sparking fears of global economic turmoil.

• President Donald Trump has announced a 10% baseline tariff on all imports, with higher tariffs of up to 54% targeting 60 countries with significant trade deficits with the U.S.
• The tariffs, set to take effect on April 5 for the baseline and April 9 for higher rates, are justified under a national economic emergency invoked through the International Emergency Economic Powers Act of 1977.
• Key trading partners, including China, the European Union, and Japan, have vowed retaliatory measures, raising concerns of a global trade war and further economic instability.
• Economists warn the tariffs could lead to higher consumer prices, disrupt global supply chains, and increase the risk of a U.S. and global recession.
• Certain goods, such as pharmaceuticals and semiconductors, are excluded from the tariffs, but industries like automotive and agriculture face significant challenges.

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