President Donald Trump introduced his “discounted reciprocal tariffs” on over 200 countries on April 2. Most countries receive a base tariff rate of 10%, but for countries receiving more, the rates were calculated by halving a rate he displayed as “tariffs charged to the U.S.A. including currency manipulation and trade barriers.”

Trump's China tariffs have risen to 125%, putting pressure on Chinese exporters and reshaping global trade relations.

The President also signed an Executive Order that will eliminate duty-free de minimis treatment and create a new duty collection process for

US President Donald Trump on Wednesday announced that he had authorised a 90-day pause and a lowered reciprocal tariff of 10 per cent during the three months of truce amid trade wars-induced market meltdown.

In President Donald Trump's second term, he has foregrounded tariffs in a more significant way, but he's been a big proponent of import taxes since the 1980s.

Following the announcement of the reciprocal tariff policy by US President Donald Trump, South Korean companies are thoroughly reviewing their supply chains and formulating countermeasures. Enterprises with production bases in China and Vietnam may face direct impacts,

The Trump administration’s tariffs on US imports and the impacted countries’ retaliatory actions have major implications for companies and their commercial transactions. Counsel should understand the resulting contract issues and the potential use of contract clauses or other avenues that may provide relief for affected companies.

UPDATE (April 9, 2025): President Trump signed an executive order raising the reciprocal tariff rate on China from 34 percent to 84 percent, bringing the final rate to 104 percent. The additional 50 percent rate was implemented after China did not repeal ...

President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.