
Trump’s Bold Tariff Move
On April 2, 2025, President Donald Trump announced significant tariff measures, declaring a 10% universal tariff on all imports, effective April 5, 2025. Additionally, higher “reciprocal” tariffs were imposed on specific countries, such as a 34% tariff on Chinese goods (and now 145%) and 20% (now 10% ) on European Union products, starting April 9,…