Trump unveils 10% tariff on all imports to US

US President Donald Trump unveiled the much-anticipated “Liberation Day” reciprocal tariffs in a speech at the White House Rose Garden, imposing a minimum 10% tariff on all countries and additional levies on approximately 60 nations deemed the worst offenders.

During his address, Trump displayed a chart listing the countries subject to higher tariffs, with China, the European Union, and Vietnam facing rates of 34%, 20%, and 46%, respectively. Other nations, including Japan, South Korea, India, Cambodia, and Taiwan, will be hit with import duties of 24%, 25%, 26%, 49%, and 32%, respectively.