Part 2/9:
On April 2, President Trump revealed two rounds of tariffs aimed at various countries. The first round took effect on April 5, imposing a 10% tariff on imports from all nations under the International Emergency Economic Powers Act. The second round is set to begin on April 9 and involves higher, individualized tariffs for nations with which the U.S. holds substantial trade deficits. Countries like China, Japan, and those in the EU will face tariffs of 34%, 24%, and 20% respectively, while smaller countries with lesser trade engagement may face tariffs as high as 49%.