President Trump imposed universal tariffs on all US trade partners and additional duties on 60 countries he deemed to be unfair trade practitioners. The tariffs include a 10% base line duty on all imported goods, with EU and China facing 20% and 34% tariffs respectively. Countries such as Japan and South Korea were not spared, and some nations such as Australia and Brazil, which buy more from the US than they sell to it, also faced tariffs.
Source link
