U.S. President Donald Trump has just announced that he will unilaterally impose new tariffs on about 150 countries, ending the sluggish ongoing bilateral trade negotiations. He stated that within the next 2–3 weeks, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will send letters notifying the specific tariff rates for each country, to ensure that "everyone will know how much they have to pay to do business in the U.S."

Earlier, on April 9, Trump temporarily suspended retaliatory tariffs for 90 days to give countries a chance to negotiate with the U.S. However, with over 100 countries requesting negotiations, he believes it is impossible to meet all demands and decided to move to impose the new tariffs unilaterally.

This move has raised concerns within the U.S. business community. Major retailers like Walmart and Target announced plans to raise prices to offset the rising import costs. However, Trump dismissed these concerns, asserting that any price increases would be minimal and businesses would adapt by changing their supply chains.