#TrumpTariffs Following the close of US trading on April 2nd, the Trump administration enacted its "reciprocal tariff" policy. This initiative establishes a baseline 10% tariff on goods from all US trading partners, with the potential for higher rates imposed on specific nations. Trump justified the tariffs by stating they represent 50% of the existing trade barriers (expressed as tariff equivalents) levied by other countries against the United States, with the 10% minimum serving as a floor. This policy's aggressive nature has taken markets by surprise, surpassing prior expectations for trade restrictions.
