US President Donald Trump's latest round of trade tariffs may mark a turning point for the globalized system, potentially destroying the free trade order spearheaded by the US since World War II. Chief economist Takahide Kiuchi at Nomura Research Institute warns that Trump's actions carry significant risks to the world economy, which is already struggling with post-pandemic inflation, record debt, and geopolitical tensions.
https://www.japantimes.co.jp/business/2025/04/03/economy/trump-tariffs-ailing-world-economy/President Donald Trump announced plans to impose a 10% baseline tariff on all US imports, with higher duties on dozens of countries including major trading partners such as Canada and Mexico, potentially escalating a global trade war that has already affected markets and relations with allies.
https://channelnewsasia.com/business/tariffs-cause-short-term-bumps-trump-economic-adviser-tells-fox-business-5041336US President Donald Trump has unveiled new tariffs on trading partners, calling it a "declaration of economic independence." A 10% baseline tariff will apply globally starting April 5, with steeper rates for major US trading partners such as the European Union (20%), China (54%), India (26%), South Korea (25%), and Japan (24%). Canada and Mexico are exempt from these tariffs. New 25% tariffs on autos and certain parts will also take effect, while a 25% levy on goods from countries importing Venezuelan oil can start on April 2. Trump has ordered an end to a duty-free exemption for small parcels from China, which will be subject to a 30% duty rate or $25-$50 per item starting May 2.
https://www.malaymail.com/news/world/2025/04/03/key-takeaways-from-trumps-new-tariffs-whos-hit-hardest-and-whats-exempt/171706US President Trump announced a new protectionist policy, declaring it a declaration of economic independence from the global economic order established over half a century ago. He plans to impose a baseline 10% tariff on over 100 foreign trade partners and "kind" or discounted reciprocal tariffs equal to half of a country's trade barriers towards the US. These individualized higher tariffs will target countries with significant trade deficits, aiming to reverse the free trade status quo of the past 30 years that Trump claims has "ripped off" US workers.
https://www.deseret.com/politics/2025/04/02/utah-businesses-respond-to-trump-global-reciprocal-tariffs/President Donald Trump is set to unveil reciprocal tariff rate plans at a White House event, marking a significant development in the ongoing trade tensions between the US and its trading partners. The move comes as the administration seeks to protect American industries from what it sees as unfair trade practices by countries such as China and Mexico.
https://markets.businessinsider.com/news/stocks/dow-s-p-500-nasdaq-futures-down-as-trump-unveils-tariff-rate-plans-1034544118President Donald Trump is set to unveil reciprocal tariff rate plans at a White House event, marking a significant development in his trade policies with China and other countries. The move comes as part of the US-China trade war, which has been ongoing since 2018. Trump's administration has imposed tariffs on billions of dollars' worth of Chinese goods, prompting Beijing to retaliate with its own tariffs.
https://markets.businessinsider.com/news/stocks/uk-reciprocal-tariff-rate-set-at-10-trump-chart-shows-1034544087US President Donald Trump has unveiled sweeping new tariffs on all goods coming into the US, dubbed "Liberation Day". The tariffs, which include a baseline 10% tariff on imports and reciprocal tariffs on rival countries, aim to protect domestic producers. Australia is among the targeted countries, with Mr. Trump's move following Prime Minister Anthony Albanese's call for Australians to "buy local" after previous steel and aluminium tariffs were imposed earlier this year.
https://www.abc.net.au/news/2025-04-03/what-is-a-tariff-why-trump-putting-tarrifs-on-australia/105132530US President Trump unveiled tariffs of up to 34% on China and 20% on the European Union in response to duties imposed on US goods, sparking uncertainty in financial markets. The move is part of a long-standing complaint that US workers and companies are hurt by global trade. The new tariffs will take effect immediately after Trump's announcement, but an official notice has not yet been published for enforcement. This is the latest in a series of tariff increases, including 20% duties on all imports from China and 25% on steel and aluminum, worth nearly $150 billion. Economists warn that tariffs could slow the global economy and increase living costs for US families by thousands of dollars.
https://www.ndtv.com/world-news/trump-announces-10-baseline-tariff-on-all-imports-to-us-8073220#pfrom=home-ndtv_topstoriesUS President Trump unveiled tariffs on almost all US trading partners, starting April 5, with an additional top-up rate of 20% for countries imposing barriers against US companies. The National Restaurant Association and National Association of Manufacturers expressed concern over the impact on businesses, while the US Chamber of Commerce warned that the tariffs would raise prices for consumers and hurt the economy. Yale University's Budget Lab estimated a $3,400 cost-of-living adjustment for the average US household. Despite criticism, some lobbying groups saw the move as a positive step to support domestic manufacturers and workers.
https://www.thenews.com.pk/latest/1297475-trumps-sweeping-tariffs-spark-alarm-among-us-business-groups