President Donald Trump speaks during a tariff announcement in the Rose Garden of the White House on April 2. Photographer: Kent Nishimura/Bloomberg.

President Donald Trump is imposing tariffs on U.S. trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair.

Trump said today that he will apply a minimum 10 percent tariff on all exporters to the United States. The president, displaying a chart, indicated that dozens of countries with the largest trade imbalances will face even higher rates. China will face a 34 percent rate, while the European Union faces a 20 percent levy and Vietnam sees a 46 percent tariff.

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