Reported 1 day ago
On April 2, 2025, President Trump unveiled a plan to implement reciprocal tariffs affecting 185 countries, with rates ranging from a 10% baseline to significantly higher tariffs for major trading partners like China (34%), the EU (20%), Vietnam (46%), Taiwan (32%), and India (26%). The new tariffs, set to begin on April 9, could increase the average tariff rate to 29%, the highest in over a century, impacting U.S. markets and major companies like Apple. Smaller nations will also face the baseline tariff, highlighting the broad scope of this aggressive trade policy.
Source: YAHOO