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Trump tariffs: Whats in effect now and whats still on the table Up to 200% on pharmaceuticals “very soon,” Trump said earlier this month What’s going on with reciprocal tariffs? In early April, Trump imposed a 10% global baseline tariff on nearly all U S imports, and dozens of countries faced higher “reciprocal” tariffs, marking what he called a “ Liberation Day ” for American trade
Trump rolls out reciprocal tariffs for Japan, South Korea, others The new tariffs, some of which differ from the original levies set as part of his reciprocal tariff announcement in April, will go into effect Aug 1 Trump and Treasury Secretary Scott Bessent indicated a similar timeframe would be enforced in comments made ahead of July 7