Global Trade War: A Summary of Trump’s Higher Tariff Rates

U.S. President Donald Trump has unveiled one of the most expansive tariff strategies in U.S. history, imposing a baseline 10% tariff on imports from all countries while targeting key trading partners with significantly higher rates.

The announcement, made during a speech at the White House Rose Garden on April 2, 2025, marks a dramatic escalation in Trump's ongoing trade war and is expected to trigger widespread economic repercussions.

The tariffs will take effect in two phases: the 10% baseline tariff will be implemented on April 5, followed by customized higher rates for approximately 60 nations starting April 9. Countries deemed "major offenders" due to high trade barriers or significant trade deficits with the U.S. will face elevated tariffs.

China tops the list with a staggering 34% tariff, while the European Union and Japan will see rates of 20% and 24%, respectively. Other nations such as Vietnam (46%), Cambodia (49%), and India (26%) are also subject to steep levies.

Trump framed the tariffs as a response to what he described as decades of unfair trade practices that have undermined American industry.

"April 2, 2025, will forever be remembered as the day American industry was reborn," he declared. The administration emphasized that these measures are aimed at boosting domestic production, reducing trade deficits, and safeguarding national security.

However, critics argue that the tariffs could drive up costs for American consumers and manufacturers while destabilizing global markets.

The announcement has already sparked strong reactions from affected nations and international leaders. China vowed to implement countermeasures to protect its interests, describing the tariffs as "self-defeating bullying."

European Commission President Ursula von der Leyen warned that the EU would respond collectively, stating, "If you take on one of us, you take on all of us." Japan and South Korea expressed dismay over the new levies, while Canada and Mexico—already subject to existing tariffs—were excluded from additional measures under this round.

Global markets reacted sharply to the news, with Asian indices falling more than 3% overnight and U.S. stock futures plunging in after-hours trading. Economists predict that these tariffs could lead to slower economic growth and strained diplomatic relations worldwide.

Here’s a summary of the higher tariff rates imposed: