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Overview of Trump's Tariff Policies
On April 2, 2025, dubbed "Liberation Day," President Trump $BNB
announced a two-tier tariff structure:
A universal 10% tariff on imports from most countries, effective April 5, 2025.
Additional "reciprocal" tariffs on approximately 60 countries, with rates varying based on perceived unfair trade practices.
These measures were enacted under a declared national emergency to address the U.S $BTC . trade deficit, invoking the International Emergency Economic Powers Act (IEEPA) .
Subsequently, the U.S. and China agreed to a 90-day tariff reduction, lowering U.S. tariffs on Chinese goods from 145% to 30%, and Chinese tariffs on U.S. goods from 125% to 10% .