Trump installs 10% baseline tariff, country-specific duties

Quick Summary:

The president said he will levy import taxes on China, Japan and others equal to half of what they charge the U.S.based on White House calculations.

The Trump administration’s decision softens the blow of what were initially promised to be universal reciprocal tariffs.

President Donald Trump waves to a crowd at the White House on April 2, 2025.

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Article Details

Author / Journalist: Philip Neuffer

Category: Business

Markets: United StatesCanadaChinaJapanMexicoVenezuelaVietnam

Topics: Trade Tariffs Duties Charge Tariff China President Countries White Trump House

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 10:47:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 687 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 27566549

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About Retail Dive

Main Topics: Business

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #97

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