A 10 percent tariff will apply to all countries, but trading partners like China, Japan and Europe will face rates two and three times as high.
Highlights from: https://www.nytimes.com/live/2025/04/02/business/trump-tariffs-liberation-day?campaign_id=190&emc=edit_ufn_20250402&instance_id=151642&nl=from-the-times®i_id=266483444&segment_id=195080&user_id=12e93fa93cf71237debe3c3ad168732b
