Trump Imposes Double-Digit Tariffs on Nearly 100 Countries Reshaping Global Trade

President Trump is set to implement steep tariffs on nearly 100 countries, marking a dramatic shift from the post-World War II global trade system the U.S. helped establish. These double-digit tariffs, averaging around 17%, replace the previous low import taxes under the World Trade Organization, aiming to reduce imports and boost U.S. exports, thereby revitalizing American manufacturing and government revenues. Trump has secured tariff agreements with several countries, including South Korea and the European Union, which agreed to 15% tariffs without retaliatory measures, signaling a new era of protectionism. However, some of Trump's announced investment deals with Japan and the EU remain contentious, with officials disputing the promised financial commitments and purchases. Experts suggest that while the aggressive tariff strategy has largely achieved its objectives, including forcing trading partners into new agreements, a few outstanding trade disputes with countries like China, Brazil, and Canada persist. Overall, this policy is reshaping global commerce, with businesses and governments adjusting to the new, more protectionist U.S. trade stance.