President Donald J. Trump Declares National Emergency to Increase our Competitive Edge,
Protect our Sovereignty, and Strengthen our National and Economic Security, the Fact Sheet1
published on 2 April 2025 read as POTUS announced sweeping tariffs on 85 countries, including EU,
China, India, Japan & South Korea to address national emergency arising out off America’s massive
trade deficit. On top of a baseline tariff of 10% throughout, USA announced country specific tariffs of
34% on China, 26% on India, 20% on EU, 24% on Japan & 25% on South Korea. Specifically, tariffs
on Chinese imports surged to 145%, while China retaliated with tariffs up to 125% on US goods. For
countries other than China, the reciprocal tariffs are under a 90 day pause period.