President Trump imposes reciprocal tariffs, impacting various sectors and countries, increasing uncertainty

From Yahoo Finance: 2025-04-02 08:19:00

President Trump announced reciprocal tariffs on trading partners, imposing a 10% baseline tariff on all imports effective April 5. Sectors most exposed include autos, chips, pharmaceuticals, PC makers, and retail/e-commerce. Vietnam faces a 46% tariff, Mexico and Canada avoid new tariffs, and the “de minimis” trade loophole removal impacts e-commerce players. Energy and resources are exempt, but critical minerals tariffs are considered. Banks face economic uncertainty, while the travel industry sees reduced spending.

Read more: Factbox-US businesses brace for more pain as Trump rolls out reciprocal tariffs