On April 2, 2025, U.S. President Donald Trump announced substantial tariffs on imports into the United States, specifying a 34% tariff on products originating from China and a 20% tariff on items from the European Union.

Additionally, the new tariff structure includes a baseline tariff of at least 10% on all products entering the country.

The implementation of these tariffs will occur in two phases, according to a White House official.

The first phase is set for April 5, 2025, at 04:01 GMT, when the minimum 10% tariff will take effect for all incoming goods.

The second phase will commence on April 9, 2025, at 04:01 GMT, targeting specific countries, with elevated tariffs applied particularly to larger economies such as China and the EU.

This move reflects a continuation of the Trump administration's trade policies aimed at altering the dynamics of international trade relations, particularly with significant economic partners.

The announcement has raised concerns among various industry leaders and economic analysts regarding potential retaliatory measures and the implications for global trade dynamics.

Stakeholders are likely to monitor the situation closely as the dates for tariff implementation approach.