Trump 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%. ​

Speaking from the White House Rose Garden, Trump declared: “We’ve been waiting for a long time.

“April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to ‘Make America Wealthy Again’.” Read more below