The Daily The Trump Tariffs Poised to Remake Global Trade
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Apr 3, 2025 
Ana Swanson, a trade and international economics reporter for The New York Times, dives deep into the recent tariffs imposed by President Trump. She discusses the significant impact these tariffs will have on global trade, particularly for countries like China, Japan, and the EU. Swanson highlights the mixed responses from American workers and unions, illustrating a complex landscape of economic interests. The conversation reveals how these measures could reshape not only trade dynamics but also U.S. relationships with other nations and consumer prices.
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Trump's Tariff Plan
- Trump's new tariff plan includes a universal baseline tariff and additional reciprocal tariffs.
- These tariffs aim to address unfair trade practices and prioritize American workers.
Universal and Reciprocal Tariffs
- A universal 10% tariff will apply to almost all trading partners, excluding Canada and Mexico.
- Additional tariffs target specific countries based on their trade practices against the U.S.
Tariff Calculations and Targets
- Trump's tariff calculations appear linked to trade deficit size, with larger deficits leading to higher tariffs.
- China faces a 54% tariff, while the EU and Japan face 20% and 24% increases, respectively.