Source: International Business Times
US President Donald Trump unveiled a baseline 10 percent tariff hitting trading partners, with a higher rate on those deemed bad actors AFP After weeks of anticipation, US President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday, calling it a "declaration of economic independence. "A fresh "baseline tariff" of 10 percent will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors. What are the details of Trump's latest announcement?A 10 percent "baseline tariff" kicks in at 12:01am (0401 GMT) on April 5, while elevated rates for those the White House deemed "the worst offenders" take effect at 12:01am on April 9.
