Trump’s New 10% Tariff on Imports Sparks Global Trade Concerns

The United States has begun implementing a new 10% tariff on all imported goods, a policy initiated by former President Donald Trump. This move, effective as of April 5, 2025, marks a significant shift in U.S. trade policy and has stirred considerable unrest in global trade circles. The tariff, aimed at addressing trade imbalances, is part of Trump's broader strategy to enforce 'reciprocal' tariffs on countries that impose duties on American exports.

The policy has been met with criticism from various quarters. Economists argue that the tariff could lead to higher prices for consumers and disrupt global supply chains. The American Enterprise Institute has labeled the tariff as economically unsound, pointing out that it is based on a flawed understanding of trade dynamics. Critics fear that the move could escalate into a broader trade war, affecting not only the U.S. economy but also global economic stability.

Internationally, the tariff is seen as a violation of established trade norms, potentially leading to retaliatory measures from other nations. The global reaction has been swift, with many countries expressing concerns over the potential impacts on their economies and the broader international trade framework.

• American Enterprise Institute
• Donald Trump
• United States

Detailed

US starts collecting Trump's new 10% tariff, smashing global trade norms

13 hours ago

- reuters

Reciprocal Tariff Calculations

3 days ago

- ustr

Trump’s Tariffs: How the Math Affects Over 100 Countries

15 hours ago

- nytimes

Trump tariffs list: See all the tariffs by country

2 days ago

- bbc

Related issues news

How was the tariff calculated?

The tariffs were calculated using a formula that takes how much a given country sells to the U.S. (exports), subtracts how much that country buys from the U.S. (imports) to calculate the trade deficit, and then divides the trade deficit by that country's exports to the U.S., according to experts.

What is a reciprocal tariff?

Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners.

How does Trump calculate the tariff?

The calculations for almost all of the tariffs was determined by dividing trade deficit of each nation with the value of its imports, according to economic experts' analysis.

What is Trump?

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump. Official portrait, 2025. 45th & 47th President of the United States.