After weeks of anticipation and speculation, President Donald Trump followed through on his reciprocal tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

Trump's plan sets a 10% baseline tariff across the board. But the president's list makes clear that many countries will face significantly higher rates.

After weeks of anticipation and speculation, President Donald Trump followed through on his reciprocal tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

President Donald Trump detailed sweeping new reciprocal tariffs Wednesday designed to launch a new wave of domestic manufacturing as consumers keep their eyes on prices at the gas station and grocery store.

US President Donald Trump announced the long-awaited “Liberation Day” reciprocal tariffs at the White House Rose Garden. Global markets shifted into “risk-off” mode, with US stock futures tumbling sharply and gold surging to a new high.

Business leaders and investors remain on edge ahead of President Trump’s expected announcement of a sweeping new round of tariffs.

Bloomberg reporters answer questions about Trump’s reciprocal tariffs and how governments and markets are reacting.

President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.