rump announced a sweeping set of tariffs on April 2, 2025, dubbing the day “Liberation Day.”The new policy imposes a universal 10% tariff on all imports, with significantly higher rates for 60 countries identified as “worst offenders.”
Notable among these are Japan at 24%, South Africa at 30%, Vietnam at 46%, and China facing a steep 34% tariff, raising its total effective rate to 54%.
