US to Impose 10 Percent Universal Levies, Steeper Tariffs for Countries With High Trade Barriers

The United States will implement a 10 percent across-the-board tariff on all imports as part of the Trump administration’s reciprocal tariffs on all nations. President Donald Trump unveiled sweeping reciprocal tariffs at the White House Rose Garden on April 2, calling it America’s “declaration of economic independence” and one of the most important days in U.S. history. The president will sign an executive order implementing reciprocal tariffs on countries worldwide. “Reciprocal. That means they do it to us, and we do it to them. Very simple. Can’t get any simpler than that,” he said. “For decades, our country has been looted, pillaged, raped, and plundered by nations near and far, both friend and foe alike.”...