Trump's World-Changing Tariffs Go Into Effect

On April 9, 2025, President Trump’s new set of tariffs went into effect, targeting roughly 60 countries. Initiated with a baseline rate of 10% that began the previous Saturday, these tariffs are part of an effort to reshape the global economic landscape and rebalance U.S. trade, even as some Republicans express concern over the long-term impact.

Financial markets have reacted sharply, experiencing four particularly difficult trading days since the announcement on April 2, 2025. While the President asserts that the measures will rejuvenate the U.S. economy, many economists and business leaders warn of potential damage to international alliances and the risk of a severe economic recession. The full duration and sustainability of these tariffs remain to be seen as stakeholders monitor the unfolding developments.