President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world. Trump announced Wednesday he will apply at least a 10% tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country's biggest trading partners, such as China which now faces a tariff of well above 50% on many goods as well as the European Union, Japan and Vietnam. The move marks a dramatic escalation in Trump's trade war, one that risks triggering retaliation from other countries and upends calculations for businesses and consumers at home. Bloomberg's Trade Tsar Brendan Murray joins Caroline Hepker and Stephen Carroll to go through it all on Bloomberg Radio.
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Explaining Trump's Steep Tariffs on Everyone
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