On April 2, 2023, U.S. President Donald Trump imposed tariffs ranging from 10% to 50% on goods imported from over 180 trade partners. This is part of a strategy that Trump claims is aimed at eliminating the situation of "trade imbalance".

Trump has so far remained determined to pursue a tough tariff policy, even as some allies - both in Congress and on Wall Street - wonder whether the White House chief is going too far.