TEMPO.CO, Jakarta - United States President Donald Trump announced a 10 percent import tariff for all countries shipping goods to the U.S. Trump referred to the new tariff as reciprocal tariffs and stated that it would take effect three days after the Republican Party president's announcement.

The harshest burden falls on Asian economies, with Cambodia, Vietnam and China among those hardest hit. Read more at straitstimes.com. Read more at straitstimes.com.

This is our declaration of economic independence — stated Donald Trump as he announced the imposition of tariffs on trade partners worldwide. What do you need to know? Donald Trump introduced new tariffs on goods imported into the USA,

TEMPO.CO, Jakarta - President of the US, Donald Trump, announced "Liberation Day" on Wednesday, April 2, 2025. With this new policy, Trump is imposing reciprocal tariffs on goods entering the U.S. in what he called the efforts to “Make America Wealthy Again.”

The average EU tariff rate on US imports is a small fraction of this – at about 3 per cent on average – despite Trump claiming that the EU charges 39 per cent on goods imported from the US. He said he was being “kind” by cutting the US “reciprocal” tariff in half.

Trump's 46% tariff on Vietnam could spike U.S. underwear prices, hitting brands like Skims, Nike and Adidas reliant on Asian manufacturing.

The president has circled April 2 as the culmination of his "American first" economic policy, which has already shaken markets and started a trade war.

However, the humor soon turned to criticism after economic analysts, including The Yale Review editor James Surowiecki, pointed out major flaws in how the administration calculated foreign tariffs.

Donald Trump's commerce secretary Howard Lutnick Thursday said that people should just let the president run the global economy because he knows what .

President Donald Trump announced a new wave of tariffs on imports yesterday, which had an immediate negative impact on the sportswear industry. Stocks from footwear companies like Nike began plummeting during after-hours trading on Wednesday and continued into Thursday,

On what US President Donald Trump branded "Liberation Day", he unleashed a barrage of tariffs on trade allies and enemies alike. Standing in the White House Rose Garden, he held up a board, proudly showing off the tariffs to the world.

We’re bringing you an afternoon Inside Congress update because we just got our hands on what the White House is telling rattled Capitol Hill Republicans about President Donald Trump ‘s latest wave of tariffs.