#USChinaTensions President Donald Trump's administration has implemented sweeping tariffs under what is termed the "Liberation Day" policy. Announced on April 2, 2025, this strategy includes a baseline 10% tariff on all imports, effective April 5, and additional country-specific tariffs. China faces a 34% tariff, increasing to 54% with prior levies, while other nations like Vietnam and Taiwan are subjected to tariffs up to 46% and 32%, respectively