On April 2nd, President Donald Trump announced aggressive elevated tariff rates on nearly all U.S. trading partners, including an introduction of a 10% baseline tax on imports from all countries.
Affecting over 180 nations, the new measures represent one of the most aggressive trade policy shifts in decades.
The most notable tariffs hikes include a 20% levy on goods from the EU, 46% on Vietnam, 32% on Taiwan, and an increase on Chinese imports to a total of 54%.