Trump announced the implementation of reciprocal tariff measures with tariff rates ranging from 10%
Trump signed two executive orders on the so-called "reciprocal tariffs" at the White House at 4 p.m. on Wednesday (April 2) (4 a.m. Singapore time on the 3rd), announcing that the United States would set a "minimum benchmark tariff" of 10% on more than 40 trading partners with a trade deficit, and impose higher tariffs on some trading partners, with a rate of up to 49%.
