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Trump to Impose Blanket 10% Tariff, Higher on Some Nations

China will face a 34% rate, while the EU faces a 20% levy and Vietnam sees a 46% tariff.

By Jennifer A. Dlouhy and Catherine Lucey and Josh Wingrove | April 02, 2025 at 04:13 PM
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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