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CNA Explains: Trump's tariffs and what they mean for Asia

  • President Trump announced new tariffs on imported goods on April 2, 2025.
  • Trump's executive order addressed trade deficits and structural asymmetries.
  • A base tariff of 10% impacts all imports, with higher rates for some nations.
  • Trump stated, "It's our declaration of economic independence," upon announcing tariffs.
  • Retaliation is expected, potentially escalating trade wars and impacting economies.
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Tech.co broke the news in on Wednesday, April 2, 2025.
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