Part 2/9:
In a move reminiscent of historical tariff ceilings not seen in a century, Trump proclaimed a new approach to trade that prioritizes American interests. The administration is implementing a base tariff rate of 10% on products from other countries, increasing as necessary based on reciprocal rates. Notably, these tariffs range from 34% to a staggering 54% on imports from China, marking a significant pivot from decades of minimal tariffs on Chinese goods.