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.

Brunei’s tariffs could be much lower. Equatorial Guinea’s could be way higher. And Australia could have no tariffs at all. It all depends on choices hidden in the Trump formula.

Tariffs would drive up costs of key aerospace parts, making it more expensive for Boeing and even foreign companies with U.S. factories to produce planes. The tariffs are set to hit an aerospace supply chain still in recovery from the Covid-19 pandemic.

Trump promised tariffs that would mirror what other nations assess. In fact, the calculation is quite different.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

The Trump Administration announced a general tariff of 20% on Italy along with other European Union countries this week.

Canada was spared the Trump administration's broad global tariffs on April 2 but faces tariffs on steel and aluminum exports to the U.S. as well as on autos not compliant with the United States-Mexico-Canada Agreement on trade.

The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.

After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher