President Donald Trump announced new tariffs on imported goods, implementing a 10% baseline tariff on all foreign imports and higher reciprocal tariffs on countries that impose tariffs on U.S. exports. This marks a shift from his previous targeted approach, aiming to significantly alter the global trade landscape despite warnings of potential price increases. The administration's strategy, intended to address perceived unfair trade practices, risks retaliatory measures from affected countries and could lead to prolonged negotiations in global trade dynamics.
