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The Trump administration announced a large scale tariff policy to reduce the US trade deficit and protect domestic manufacturing, designating April 2, 2025 as "Liberation Day." This policy was implemented by imposing a basic tariff of 10% worldwide, while imposing higher "reciprocal tariffs" on certain countries. Below is a table summarizing the main contents.Summary of Tariff Policy& Country/Re..

President Donald Trump declared April 2, 2025, “Liberation Day,” and announced a new policy of imposing a minimum 10% tariff on US imports. This policy imposes higher tariffs on dozens of countries, and is seen as an attempt to restructure trade relations with major trading partners such as China, the European Union (EU), Canada, and Mexico. However, there is a heated debate over whether this ta..