Imposition of 10% Tariffs on Various Imports in the U.S.
April 5, 2025
Starting today, the U.S. is imposing an additional 10% tariff on many imports from nearly all over the world, as decided by President Trump. Some products like oil and pharmaceuticals are exempt from these tariffs. The decision has raised international concerns, particularly affecting poorer countries. Markets have seen significant losses, while China has announced its own tariffs on U.S. imports in response.