A Stunned World Reckons With Economic Fallout From Trump’s Tariffs
For the European Union and China, the two largest U.S. trading partners, the White House imposed tariffs of 20 percent and 34 percent. The additional levy on China will be added to a 20 percent tariff previously imposed by Mr. Trump.
Even close allies such as Japan and South Korea were not spared. Neither were countries like Australia and Brazil that buy more from America than they sell to it.
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Originally posted on: https://www.nytimes.com/2025/04/03/business/trump-tariffs-global-reaction.html