President Donald Trump on April 2 unveiled sweeping global tariffs aimed at reviving American manufacturing and countering what he describes as decades of unfair trade practices at the expense of the United States.
The Trump administration has imposed new baseline 10 percent tariffs on all U.S. trading partners, which will go into effect at 12:01 a.m. on April 5.
Roughly 60 countries will be hit with additional reciprocal tariffs. These countries, described by White House officials as the “worst offenders,” were assessed by the administration as having high tariff and non-tariff barriers, including currency manipulation, subsidies, value-added taxes, intellectual property theft, and dumping.
These additional reciprocal tariffs will go into effect at 12:01 a.m. on April 9....