Trump rolls out 10% tariff on all U.S. imports with extra reciprocal levies differing by country

President Donald Trump on Wednesday said his new plan for U.S. tariffs will consist of a universal tax of 10% on imported products from all other countries as well as additional “reciprocal” levies on “nations that treat us badly.”

Trump said China will face a reciprocal tariff of 34%, and the European Union will be hit with a levy of 20%. He described these duties as not a full reciprocal tariff but rather about half of what other nations “have been charging us.”