#TrumpTariffs Trump's Tariffs Spark Global Reaction

The US imposed a 10% universal tariff on all imports, effective April 5, 2025, with additional tariffs targeting select nations. Key developments include:

- *China*: 50% additional tariffs if China doesn't remove retaliatory tariffs by April 8, 2025

- *Canada and Mexico*: Goods qualifying under USMCA remain duty-free, but non-originating goods face 25% tariffs

- *European Union*: Retaliatory tariffs on U.S. industrial and farm products

Global reactions vary, with Europe considering retaliatory measures, China imposing 34% tariffs on US goods, and India facing potential challenges in textiles. Turkey plans to increase free-trade efforts with the US.