#TrumpTariffs

President Trump’s “Liberation Day” announcement on April 2 introduced sweeping tariff measures accompanied by a chart outlining new import taxes targeting over 60 countries. Here’s a breakdown of the key components:

Core Components of the Tariff Plan

Universal 10% Baseline Tariff

Effective April 5, all imports to the U.S. will face a minimum 10% tariff, regardless of origin. This “across-the-board” tax aims to reduce reliance on foreign goods and incentivize domestic production.

Reciprocal Tariffs

Additional country-specific tariffs will take effect on April 9, calculated as half the rate of what the U.S. claims foreign nations impose through tariffs, currency manipulation, and trade barriers.

Here is the full RT chart:

Country Tariffs Charged to the U.S.A. (%) U.S.A. Discounted Reciprocal Tariffs (%)