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April 3, 2025

Trump’s tariffs to hit major economies, with a 10% baseline and EU at 20%, China at 54%

Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed.  Trump's tariffs, which he imposed via executive order, are expected to send economic shockwaves around the world. The White House released a list of roughly 100 countries and the tariff rates that the US would impose in kind.    10% baseline tariff    In a background call before Trump's speech, a senior White House official told reporters that the president would impose "baseline tariffs" on all countries. That ...

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