These are the places affected by Trump's tariffs

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars
President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)

Credit: AP

Credit: AP

President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)
Nation & World
16 hours ago
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WASHINGTON (AP) — President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars.

The tariffs hit allies and rivals alike. The Republican president is placing a 10% baseline tax on trading partners around the globe and is setting heftier levies on major partners with which the U.S. has a trade deficit like China, the European Union and Japan.

While Trump had suggested the tariffs were a negotiating tool to lower the taxes paid on U.S. exports, he described his plan as one that would boost domestic manufacturing and raise federal revenues. It has unsettled global financial markets and sparked concerns about inflation and slowing global growth.

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